Inner Mongolia ERDOS Resources Co Ltd B

China's first-half 2026 apparel earnings season shows growth concentrating among stronger brands while legacy casualwear players lose ground. Biemlofe posted revenue growth of 23.7 percent with online sales rising more than 100 percent, and Balabala generated 4.83 billion yuan ($677 million) in first-half revenues, accounting for 71.8 percent of parent company Semir's total revenue. Dazzle Fashion, Ellassay, JNBY and Biemlofe all reported gross margins above 65 percent, while Erdos reported a 43.2 percent increase in first-half net profit. On the losing side, Heilan Home grew revenue 7.4 percent but net profits declined 5.9 percent, Semir's casualwear business grew just 3.4 percent, and Peacebird and Septwolves continue to work through inventory and channel restructuring. China's broader apparel market still grew in the first half, with retail sales of apparel, footwear and knitwear increasing 6.7 percent year-over-year, yet sales at above-quota specialty stores fell 8.7 percent.

Erdos released its 2026 interim report on August 29, 2026. During the reporting period, the company achieved total operating revenue of 12.52 billion yuan, net profit attributable to the parent company of 1.416 billion yuan, and net cash inflow from operating activities of 1.875 billion yuan. The company's latest asset-liability ratio was 43.60 percent, ranking fifth among comparable companies that have disclosed data, up 2.30 percentage points from the previous quarter. Gross margin was 24.05 percent, ranking sixth. Return on equity was 6.61 percent. Diluted earnings per share were 0.51 yuan, total asset turnover was 0.27 times, and inventory turnover was 2.40 times, down 1.00 percent year on year. The company had 47,800 shareholders, and the top ten shareholders held 2.175 billion shares, accounting for 77.71 percent of total share capital.