Zoy Home Furnishing Co Ltd

Zhongyuan Home Furnishings disclosed its 2026 semi-annual report on August 29. In the first half, it achieved total operating revenue of 1.011 billion yuan, up 39.70 percent year on year. Net profit attributable to the parent company was 3.3489 million yuan, turning from a loss to a profit compared with the same period last year. Net profit after deducting non-recurring items was a loss of 6.3341 million yuan, compared with a loss of 14.6026 million yuan in the same period last year. The company plans to distribute a cash dividend of 0.49 yuan, tax included, for every 10 shares to all shareholders. During the reporting period, net cash flow from operating activities was 4.3351 million yuan, down 82.02 percent year on year. Net cash flow from financing activities was 31.9209 million yuan, and net cash flow from investing activities was negative 22.2071 million yuan. As of the end of the first half, the company's inventory book value was 372 million yuan, accounting for 72.89 percent of net assets, an increase of 145 million yuan from the end of last year.

Zhongyuan Home Furnishings disclosed an earnings forecast, expecting net profit attributable to shareholders of the parent company of 3.1 million yuan to 4.6 million yuan in the first half of 2026, compared with a loss of 9.5418 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring net loss is expected to be 4.6 million yuan to 6.8 million yuan, compared with a loss of 14.6026 million yuan a year earlier. The company said that during the period, the scale of its overseas brand retail business grew steadily, overall operational efficiency improved significantly, and profitability continued to improve. However, foreign exchange rate fluctuations led to substantial exchange losses, and financial expenses rose year-on-year, squeezing profit margins, resulting in a small overall profit for the period.