Leysen Jewellery Inc

Leysen has released its 2026 interim report. Total operating revenue was 577 million yuan, down 33.64% year on year. Net profit attributable to the parent company was 19.105 million yuan, down 68.48% from the same period last year. Net cash flow from operating activities was negative 189 million yuan, down 611.35% year on year. The company's asset-liability ratio was 17.59%, gross margin was 47.29%, return on equity was 0.97%, and diluted earnings per share was 0.06 yuan. The number of shareholders was 29,900, and the top ten shareholders held 49.88% of total share capital.

Leysen Jewellery disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be 21.3 million yuan, down 65% year-on-year. Deducted non-recurring net profit is expected to be 20.3 million yuan, down 71%. The company said that due to multiple factors such as sharp gold price fluctuations triggering consumer wait-and-see sentiment, and relatively rigid costs like labour and rent, main business revenue in the second quarter fell about 50% compared with the same period last year, leading to a decline in first-half operating revenue and profitability. Based on the closing price on 14 July, Leysen Jewellery currently has a price-to-earnings ratio of about 96.5 times, a price-to-book ratio of about 0.99 times, and a price-to-sales ratio of about 1.3 times. The company is mainly engaged in brand operation management, product design and development, and retail.