Mattel Launches Thomas & Friends Content and Bluey Licensing Deal With BBC Studios
Mattel has launched a new Thomas & Friends: Railway Stories content line and signed a Bluey licensing deal with BBC Studios, placing fresh content and toys at the center of its strategy. The moves come as Mattel shares trade at US$13.31, up 1.10% on the day but down 33.58% year to date, with a 1-year total shareholder return of negative 23.20%. The most followed analyst narrative pins Mattel's fair value at $26.97, framing the current price as 51% undervalued, on the view that creative IP revitalization, major licensing partnerships and a push into movies and streaming content can unlock higher-margin recurring revenue beyond traditional toy sales. That bullish case could crack if digital entertainment keeps pulling children away from physical play, or if brand fatigue hits legacy franchises like Barbie and Hot Wheels harder than expected.
Tokyo Game Show opens with first-time exhibitors from other industries including Sanrio and Kioxia
At Tokyo Game Show 2026, which opened on the 17th, companies from outside the gaming industry are drawing attention with their first-ever exhibits, including Sanrio, which announced in April that it was making a full-scale entry into the gaming business, and major semiconductor maker Kioxia. Sanrio is developing games that make use of the world of its popular characters, and unveiled titles including Sanrio Party Land, scheduled for release in October as its first offering, while Hello Kitty appeared on stage to entertain visitors. Senior Managing Executive Officer Kosuke Hamazaki said, "We want even people who don't play games much to give them a try." Commercial kitchen equipment maker Nakanishi Manufacturing exhibited for the first time a game set in a cafeteria in another world, and many companies took on the challenge, with PARCO showing three indie titles that can be developed on a low budget and Toei also setting up a booth where visitors can try three titles before their release. Kioxia displayed high-speed storage devices for game consoles of the kind also used in international esports competitions, while Mizuno introduced its latest game controllers and high-performance gaming chairs. Atsuo Nakayama, a specially appointed professor at Nihon University who is well versed in the entertainment industry, said, "Games can keep users engaged for a long time, so every industry is always looking to move in. The market is expanding, and there is still room to enter."
Mattel and BBC Studios Sign Multi-Year Global Licensing Deal to Bring Bluey to Five Mattel Brands
Mattel and BBC Studios announced a multi-year global licensing partnership that will bring Bluey to five of Mattel's franchises, with the first products from the collaboration arriving in Fall 2026. The collection will feature Bluey characters across Little People figures and playsets, Barbie dolls and accessories, Polly Pocket compact playsets, Hot Wheels vehicles, and UNO card games. Little People's character lineup will include Bluey, Bingo, Bandit, Chilli and more, while Barbie will feature Bluey and Bingo across the Barbie Cutie Reveal line. Nick Karamanos, Head of Entertainment Partnerships at Mattel, said the partnership is a natural fit, and Suzy Raia, EVP of Global Consumer Products at BBC Studios, said Mattel's portfolio of iconic brands makes it an ideal partner to extend the spirit of Bluey through new play experiences. Created by Joe Brumm and produced by Ludo Studio, the Emmy Award-winning Bluey follows a blue heeler dog who lives with her mum, dad, and little sister, Bingo.
BRP Posts Quarterly Loss But Raises Full-Year Guidance
BRP Inc. reported a second-quarter loss on September 3 while raising its full-year outlook, as strong off-road demand offset a tariff-driven earnings hit. Revenue climbed 18.5% year over year to $2.24 billion, but normalized diluted EPS swung to a loss of $0.18 a share from a profit of $0.92 a year earlier. Gross margin fell 940 basis points to 11.7%, with Section 232 tariffs accounting for a large piece and a one-time $74.8 million supplier support payment cutting another 330 basis points, while normalized EBITDA dropped 34.9% to $138.8 million. Management raised full-year revenue guidance to a range of $9.23 billion to $9.475 billion and lifted normalized EPS guidance by $1, to $4 to $4.5, citing Can-Am's record North American side-by-side share of nearly a third and Asia Pacific retail growth of 8%. BRP now expects $200 million of net tariff exposure for the fiscal year, or roughly $225 million annualized, and a new 50% Section 338 tariff on Spyder units imported from Canada is projected to add a $60 million to $65 million headwind next year, with Q3 normalized EPS guided to fall 50% to 60% year over year.
Smith & Wesson Swings to Profit as Sales Jump 32.3%
Smith & Wesson Brands told investors on September 3 that it flipped a year-ago loss into a profit, with net sales up 32.3% year over year to $112.6 million and GAAP earnings per share of $0.06 versus a loss of $0.08 a year earlier. Unit shipments rose nearly 20% in the quarter, well ahead of the 7.7% increase in adjusted NICS, while handgun average selling prices rose almost 9% and long-gun ASPs climbed 18%, helped by new products making up 35% of total shipments. Gross margin rose 280 basis points to 28.7%, but $2.9 million of that came from a tariff refund management flagged as non-recurring, accounting for 260 of those 280 basis points on its own. Operating expenses rose $3 million to $28.1 million, the company used $8.8 million in cash from operations, and internal inventory climbed to $180.7 million from $156.3 million in the prior quarter, while the board authorized a quarterly dividend of $0.13 per share payable October 1 to shareholders of record as of September 17. Full-year revenue guidance of just 5% to 7% growth suggests management is not ready to extrapolate the quarter's pace forward.
Mattel Q2 Revenue Rises 10.5% to $1.13 Billion but EPS Miss Sinks Stock
Mattel reported second-quarter revenues of $1.13 billion, up 10.5% year on year and 2.4% above analysts' expectations, yet the toy maker missed analysts' EPS and EBITDA estimates and its stock has fallen 7.1% since reporting to trade at $13.81. The results came as the four consumer discretionary toys and electronics stocks tracked in the roundup collectively beat consensus revenue estimates by 3.8%, with next quarter's revenue guidance 5% above expectations and share prices up 2.4% on average since the latest earnings results. Bark posted the group's best quarter, with revenues of $78.82 million, down 23.4% year on year but 2.4% ahead of expectations, alongside beats on EPS and EBITDA, sending its stock up 4.7% to $9.59. Hasbro reported revenues of $1.14 billion, up 16.2% year on year and 6.6% above estimates, with EPS and EBITDA also beating, and its stock is up 10.3% at $89.99. Funko logged revenues of $207.7 million, up 7.4% year on year and 3.7% above expectations, with EPS and EBITDA beats, and its stock is up 1.8% at $5.38.
MasterCraft Guides $287M-$291M Net Sales, $0.66-$0.76 Adjusted EPS for Six-Month Transition Period
MasterCraft Boat Holdings guided to net sales of $287 million to $291 million and adjusted earnings per share of $0.66 to $0.76 for its six-month transition period, with adjusted EBITDA of $29 million to $32 million and capital expenditures of approximately $9 million. The guidance reflects the combined company including Chaparral and Robalo, following the closing of that combination, and accompanies a change to a December fiscal year-end. Chief Executive Officer Bradley Nelson said retail market demand is expected to be down approximately 5% to 10% over the next six months, with particular weakness in the entry-level pontoon and runabout markets. For the fourth quarter, total company net sales were $348.9 million and adjusted EBITDA was $45.6 million, including $33.3 million of revenue and $1.8 million of adjusted EBITDA from the new Recreation and Sport Fishing segment during a six-week ownership window. The quarter produced a loss from continuing operations of $7 million, or $0.35 per diluted share, while consolidated adjusted net income was $13.5 million, or $0.67 per diluted share, and the company recorded a non-cash impairment charge of $10.1 million tied to certain Crest brand intangible assets in its Leisure segment. MasterCraft ended the year with $43.9 million in cash, no debt outstanding, and full availability under its $75 million revolving credit facility.
MasterCraft Guides to 5%-10% Retail Demand Decline, Posts $10.1 Million Impairment
MasterCraft Boat Holdings reported a 730 basis point expansion in legacy adjusted EBITDA margin and a roughly 30% year-over-year reduction in legacy field inventory on its Q4 2026 earnings call. Management guided to an approximately 5%-10% retail market demand decline over the next six months, based on current calendar year-to-date trends, as the company transitions to a December fiscal year-end and enters a seasonally low volume window for the combined entity. A non-cash impairment charge of $10.1 million was recorded in the Leisure segment tied to Crest brand intangible assets, while reported GAAP results absorbed $2.8 million in inventory step-up value and $2.9 million in intangible amortization from the Marine Products acquisition. The Recreation and Sport Fishing segment's initial 5.5% adjusted EBITDA margin is not viewed as representative of long-term potential, and management said the new brands' initial 0.9% reported gross margin would have been 9% excluding the one-time inventory step-up charge. Depreciation is expected to normalize at approximately $2.7 million per quarter, and MasterCraft's total pipeline is down about 20% including the new acquisitions.
Morgan Stanley downgrades Peloton on fitness trends
Morgan Stanley downgraded Peloton to Underweight from Equal Weight on Tuesday, warning that a shift toward strength training and gyms will pressure the connected fitness company's subscriber base. Analyst Nathan Feather cut his price target to $4.50 from $5.00, implying about 16% downside, and lowered fiscal 2027 and 2028 estimates, now sitting 2% and 9% below consensus on fiscal 2028 revenue and EBITDA, respectively. Feather noted gross additions are down about 78% from their peak and connected fitness subscriber growth fell 9% year over year in fiscal 2026, citing structural headwinds such as Google search interest in strength training growing at an 8% compound annual rate and overtaking cardio, while gym membership rose to 24% from 20% in 2021. He argued consensus forecasts are too bullish, modeling a return to roughly flat subscriber growth within three years, and wrote that "cheap is not a catalyst," expecting a sub-$2,000 treadmill launch before the holidays to be only incremental.
CFMOTO receives another 366 million yuan in US tariff refunds, cumulative total exceeds 600 million yuan
CFMOTO announced after market close on September 7 that its wholly owned US subsidiary CFP has recently received successive US tariff refunds. From August 14 to September 7, it received a cumulative 54.0324 million US dollars, equivalent to 366 million yuan at the central parity rate of 6.7795. After accounting for income tax, this is expected to affect net profit for 2026 by approximately 256 million yuan, representing 15.31% of the most recent audited net profit attributable to the parent company. To date, the company has received cumulative US tariff and interest refunds totaling 92.6403 million US dollars, equivalent to 628 million yuan, and is expected to affect net profit for 2026 by approximately 440 million yuan, representing 26.26% of net profit attributable to the parent company. The company stated that the profit impact of the refunds will mainly occur in the second half of 2026, with the final audited results prevailing. Previously, the company reported first-half revenue of 13.386 billion yuan, up 35.82% year on year, and net profit attributable to the parent company of 1.065 billion yuan, up 6.26% year on year, with growth across all three major businesses: all-terrain vehicles, fuel motorcycles, and electric two-wheelers.
Smith & Wesson Shares Jump 5.8% on Strong Q1 Results
Smith & Wesson (NASDAQ:SWBI) shares jumped 5.8% in afternoon trading after the company reported strong first-quarter fiscal 2027 financial results, returning to profitability with a 32.3% surge in net sales. Net sales reached $112.6 million for the quarter ended July 31, 2026, up $27.5 million from the prior-year period, while both GAAP and non-GAAP net income came in at $2.6 million, or $0.06 per diluted share, rebounding from a net loss of $3.4 million, or $0.08 per diluted share. Revenue beat the consensus estimate of $98.7 million, and diluted EPS surpassed projections of a $0.05 loss, according to FactSet. Gross margin stood at 28.7%, including a $2.9 million non-recurring tariff refund that added about 260 basis points, while non-GAAP Adjusted EBITDAS rose 86% year-over-year to $13.8 million. The board authorized a quarterly dividend of $0.13 per share and reaffirmed full-year fiscal 2027 revenue growth guidance of 5% to 7%.
Midday movers: Sandisk, Tesla, Lululemon, Quanex, AMC & more
In midday trading, several stocks made notable moves. Guidewire Software plummeted 21% after issuing weaker-than-expected current-quarter revenue guidance of $372 million to $378 million, below the LSEG consensus of $387 million. Tesla dropped 6% following a National Highway Traffic Safety Administration investigation into whether its Cybercab meets federal safety standards, after the company launched robotaxis in Austin. Sandisk and KLA rallied more than 8% and 7% respectively, as the semiconductor sector gained ahead of the long weekend, with the VanEck Semiconductor ETF (SMH) up over 2% and the Roundhill Memory ETF (DRAM) up 5%. Quanex Building Products surged 19% after beating third-quarter estimates with adjusted earnings of 79 cents per share on revenue of $501.8 million, versus the FactSet consensus of 66 cents and $497.5 million. AMC Entertainment rose 6.5% after CEO Adam Aron criticized Robinhood's stock tokens as "contemptible, outrageous, disgusting," while Robinhood slipped nearly 1%. Credit monitoring firms Equifax, TransUnion, and Fair Isaac fell after Federal Housing Finance Agency Director Bill Pulte said they have been "overcharging Americans for too long," with Fair Isaac down over 15%, Equifax down 6.8%, and TransUnion down over 7%. Smith & Wesson gained 6% on an earnings beat, reporting 6 cents per share versus an expected loss of 6 cents, on revenue of $112.6 million versus the $98.7 million consensus. Lululemon Athletica tumbled 17% after forecasting current-quarter earnings of 93 to 98 cents per share on revenue of $2.29 billion to $2.32 billion, below analyst expectations of $2.40 per share and $2.53 billion. Zscaler slipped 5% despite beating earnings estimates, while Adobe fell 6% after announcing Anil Chakravarthy as its next CEO. Asana dropped 14% on weak guidance, Samsara advanced 4% on strong full-year outlook, UiPath lost 16% despite in-line guidance, and Oxford Industries sank 17% after cutting its full-year guidance.
Smith & Wesson Q1 Sales Surge 32%, EPS Turns Positive
Smith & Wesson Brands reported fiscal first-quarter net sales of $112.6 million, up 32.3% year-over-year, with adjusted EBITDA rising 86% and earnings per share of $0.06 versus a loss of $0.08 a year ago. The company gained market share in both handguns and long guns, with handgun ASPs up nearly 9% and long-gun ASPs up over 18%. Gross margin expanded to 28.7%, helped by $2.9 million in tariff relief funds. For the second quarter, management expects sales roughly 10% above last year, while maintaining full-year revenue growth guidance of 5% to 7%. The company also authorized a quarterly dividend of $0.13 per share.
American Outdoor Brands Raises FY2027 EBITDA Guidance
American Outdoor Brands reported a strong start to fiscal 2027, with first-quarter net sales rising 25.4% to $37.3 million and adjusted EBITDA turning positive at $1.2 million, up from a loss of $3.1 million a year earlier. The company maintained its full-year net sales guidance of $200 million to $210 million but raised its adjusted EBITDA forecast to $14.5 million to $17.5 million, up from a prior range of roughly $13 million to $16 million. Management attributed the improved profitability outlook to stronger e-commerce and new-product sales, which carry higher margins, while noting that tariff-related cost impacts are expected to emerge later in the third quarter and fully in the fourth quarter. The company also reported GAAP EPS of a loss of $0.12 and non-GAAP EPS of $0.03, with cash of $33.3 million and no debt.
American Outdoor Brands Swings to Profit, Raises FY27 Outlook
American Outdoor Brands swung to an adjusted profit in its fiscal first quarter, beating expectations and raising its full-year operating income guidance. The company earned $0.03 per share, up from a loss of $0.26 a year ago and $0.27 better than expected, while sales rose more than 25% to $37.3 million, also beating forecasts. Gross margin expanded by 630 basis points to 53.0%, driven by new products, which represented over 36% of net sales, according to CEO Brian Murphy. For fiscal 2027, the company maintained its sales outlook of $200 million to $210 million, in line with the $205 million consensus, and raised its adjusted EBITDA guidance to a range of $14.5 million to $17.5 million, up from a prior estimate of $14.28 million. Shares surged as much as 19% in after-hours trading.
BRP Inc. reported a second-quarter Non-GAAP loss of C$0.18 per share on revenue of C$2.24 billion, up 18.5% year-over-year, driven by higher ORV shipments and favorable SSV mix. The company raised its full-year normalized diluted earnings per share guidance to a range of C$4.00 to C$4.50.
HWH International Announces Executive Leadership Transition
HWH International Inc. announced a leadership transition, with Chairman and CEO Chan Heng Fai stepping down effective September 1, 2026, to be succeeded by Liu Ming Hui as Executive Chairman and Dr. Liu Ming Xing as CEO. Chan, 81, will remain a director, citing age and personal commitments after leading the company since its formation. Liu Ming Hui, founder of China Gas Holdings, brings experience from growing it into China's largest city-gas group, while Dr. Liu Ming Xing, a current executive at China Gas, will take over as CEO. The company, listed on Nasdaq, aims to build on its foundation and create long-term value for stockholders.
People's 2Q FY2027 Loss Narrows, Ordinary Loss of 113 Million Yen
People announced its financial results for the second quarter of the fiscal year ending January 2027 (cumulative February to July), with net sales of 561 million yen and an ordinary loss of 113 million yen, narrowing the loss from the 176 million yen deficit in the same period last year.
Square Enix Surges on Going-Private Report; Koei Tecmo and Tomy Also Rally on Upgrades
In the Tokyo stock market on September 1, game and entertainment-related stocks were mostly sold, but individual stocks with catalysts were active. Square Enix Holdings surged sharply on reports of a possible going-private deal, with speculation of a tender offer. Koei Tecmo Holdings rebounded after SBI Securities raised its rating from "Neutral" to "Buy" and lifted its target price from 1,600 yen to 2,000 yen. Tomy hit a year-to-date high after Iwai Cosmo Securities upgraded its investment rating from "B+" to "A" and raised its target price from 3,000 yen to 4,300 yen. The Nikkei average continued to fall, closing the morning session at 66,215.34 yen, down 96.59 yen from the previous day.
Ninebot repurchases 5.71 million depositary receipts for a total of 220 million yuan
Ninebot announced on September 1 that as of August 31, 2026, the company had repurchased a cumulative 5.71 million depositary receipts, accounting for 0.78% of the total, with a repurchase amount of 220 million yuan. The actual repurchase price range was 36.47 yuan to 41.8 yuan per receipt. In the first half of 2026, Ninebot achieved revenue of 14.358 billion yuan and net profit attributable to the parent of 1.008 billion yuan.
Ninebot repurchases 220 million yuan of depositary receipts this year, first-half net profit exceeds 1 billion yuan
Ninebot announced that as of August 31, 2026, the company had repurchased a cumulative 5.7116 million depositary receipts, accounting for 0.78% of the total, with a total payment of about 220 million yuan. The buyback plan was approved in June 2026, with total funds of no less than 150 million yuan and no more than 300 million yuan. The repurchase price ceiling was adjusted to no more than 58.78 yuan per receipt due to equity distribution, and all repurchased shares will be cancelled. In the first half of 2026, the company achieved operating revenue of 14.358 billion yuan and net profit attributable to the parent of 1.008 billion yuan. Revenue from software service fees for electric two-wheelers reached 108 million yuan, and the company is boosting membership penetration through a 66 yuan per year VIP value-added service. In overseas business, two eBike models for the US market, Myon and MUXI, have gone on sale, and the global eBike market has exceeded 100 billion yuan. In addition, the Zhuhai manufacturing base is scheduled to begin production in 2027, and the first electric vehicle has already rolled off the line. Since its listing, the company has returned about 2.7 billion yuan to shareholders, including about 2.2 billion yuan in dividends and about 500 million yuan in buybacks.
Malibu Boats reported fourth-quarter fiscal 2026 net sales of $295.5 million, up 42.7% year over year, and adjusted EBITDA of $33.9 million, up 72.7%, with margins expanding 200 basis points. The quarter included $61.2 million from the newly acquired Saxdor segment, which contributed 180 units, while legacy unit volume rose 4.5% to 1,276 units. For the full year, net sales reached $914.6 million and adjusted EBITDA was $73.9 million. The company issued fiscal 2027 guidance for net sales of $1.080 billion to $1.120 billion and adjusted EBITDA of $101 million to $109 million, with first-quarter net sales expected between $255 million and $265 million. Management, including CEO Steve Menneto and CFO David Black, highlighted the Saxdor integration progress and the new $70 million share repurchase program authorized for fiscal 2027.
Malibu Boats, Inc. has corrected its fourth-quarter fiscal 2026 non-GAAP results and announced a new $70 million share repurchase program for fiscal 2027. The correction, limited to acquisition and integration related expenses, reduces fourth-quarter Adjusted EBITDA to $31.4 million from the previously reported $33.9 million, and Adjusted Net Income Per Share to $0.82 from $0.92. For the full fiscal year ended June 30, 2026, net sales rose 13.3% to $914.6 million, while GAAP net income fell 88.8% to $1.7 million. The company also issued fiscal 2027 guidance of net sales between $1.08 billion and $1.12 billion and Adjusted EBITDA between $101 million and $109 million. The board authorized the buyback in June, and the company completed a credit facility refinancing in July, extending maturity to 2031.
Shanghai Phoenix 2026 interim report net profit 35.7487 million yuan, down 25.32% year-on-year
Shanghai Phoenix released its 2026 interim report. Total operating revenue was 1.368 billion yuan, up 5.26% year-on-year, marking a fourth consecutive year of growth. Net profit attributable to the parent company was 35.7487 million yuan, down 25.32% year-on-year. Net cash inflow from operating activities was 72.4914 million yuan, an increase of 160 million yuan year-on-year. The asset-liability ratio was 57.98%, gross margin was 16.35%, return on equity was 1.74%, and diluted earnings per share was 0.07 yuan. The number of shareholders was 38,400, and the top ten shareholders held 45.58% of the total share capital.
OGAWA's 2026 interim report shows net loss of 73.92 million yuan, swinging from profit to loss
OGAWA released its 2026 interim report. Total operating revenue was 2.703 billion yuan, and net profit attributable to the parent company was a loss of 73.924 million yuan, swinging from profit to loss. This was a decrease of 101 million yuan compared with the same period last year, a year-on-year decline of 373.47%. Net cash inflow from operating activities was 241 million yuan, the asset-liability ratio was 40.10%, the gross margin was 31.31%, and diluted earnings per share was negative 0.12 yuan. The number of shareholders was 35,500, and the top ten shareholders held 42.38% of the total share capital.
ST Yaguang's 2026 interim report shows net loss of 190 million yuan, widening year-on-year
ST Yaguang released its 2026 interim report, with total operating revenue of 250 million yuan, down 51.12% year-on-year, and net profit attributable to the parent company of negative 190 million yuan, with the loss widening year-on-year. Net cash flow from operating activities was negative 38.3715 million yuan, the asset-liability ratio rose to 90.51%, gross margin fell to 16.70%, ROE was negative 124.43%, and diluted earnings per share was negative 0.19 yuan. The company had 70,300 shareholders, and the top ten shareholders held 16.86% of the total share capital.
Shanghai Phoenix first-half revenue hits record high, net profit attributable to parent falls over 20%
Shanghai Phoenix disclosed its 2026 semi-annual report. First-half operating revenue rose 5.26% year on year to 1.368 billion yuan, a record high for the same period, but net profit attributable to the parent fell 25.32% year on year to 35.7487 million yuan, mainly affected by changes in cost and expense structure. The company's selling expenses and administrative expenses both declined, but financial expenses turned positive due to increased exchange losses, while research and development expenses surged about 50.2% to 19.5028 million yuan. The company is advancing UCI certification qualification application for its FNIX high-end sports bikes. The SRC series has entered the European and American markets. The lithium battery assisted bicycle business continued high growth. Sales of children's bicycles grew steadily, and the net profit growth rate outpaced revenue growth. The company plans no profit distribution for the 2026 semi-annual period.
Shanghai Phoenix net profit attributable to parent falls 25.3% year on year to 35.75 million yuan in first half
Shanghai Phoenix released its 2026 interim report, showing net profit attributable to the parent fell 25.3% year on year to 35.75 million yuan in the first half. Operating revenue was 1.37 billion yuan, up 5.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 36.42 million yuan, down 8.5% year on year. Net operating cash flow was 72.49 million yuan, up 182.8% year on year. Earnings per share were 0.0722 yuan. In the second quarter, operating revenue was 727 million yuan, up 13.1% year on year. Net profit attributable to the parent was 23.65 million yuan, up 37.6% year on year. Net profit attributable to the parent after deducting non-recurring items was 19.86 million yuan, up 72.5% year on year. As of the end of the second quarter, total assets were 4.968 billion yuan, up 48.1% from the end of the previous year. Net assets attributable to the parent were 2.055 billion yuan, down 3.6% from the end of the previous year. The company said its main business has not undergone major changes, and it continues to advance its globalization, premiumization and digitalization strategies. Sales of lithium battery assisted bicycles in the European market grew substantially, becoming the core source of export revenue and gross profit. E-commerce channel sales accounted for more than 60 percent, and the influence of the FNIX high-end sports brand has gradually increased.
Forecam Optics posts net loss of 12.9533 million yuan in 2026 interim report
Forecam Optics released its 2026 interim report. During the reporting period, the company's total operating revenue was 261 million yuan, down 12.54 percent year on year. Net profit attributable to the parent company was negative 12.9533 million yuan, and net cash flow from operating activities was negative 52.2053 million yuan. The company's asset-liability ratio was 34.38 percent, and gross margin was 14.44 percent, down 2.52 percentage points from the same period last year. Diluted earnings per share were negative 0.08 yuan. The number of shareholders was 13,900, and the top ten shareholders held 54.48 percent of the total share capital.
Rastar Group first-half 2026 net profit 92.469 million yuan
Rastar Group disclosed its 2026 semi-annual report on August 29. In the first half, total operating revenue was 517 million yuan, down 54.43 percent year on year. Net profit attributable to the parent company was 92.469 million yuan, down 40.36 percent year on year. Net profit after deducting non-recurring items was 87.7214 million yuan, down 43.95 percent year on year. Net cash flow from operating activities was 130 million yuan, down 65.14 percent year on year. Basic earnings per share were 0.07 yuan, and the weighted average return on equity was 5.21 percent. As of the end of the first half of 2026, the company's inventory book value was 81.8389 million yuan, accounting for 4.73 percent of net assets, an increase of 17.0874 million yuan from the end of the previous year. The company's main businesses include toy operations and game operations.
Rastar Group's gaming business surges after divesting football club
Rastar Group released its 2026 semi-annual report on the evening of August 28. During the reporting period, the company achieved operating revenue of 517 million yuan and net profit attributable to the parent of 92.469 million yuan, a relatively large year-on-year decline, mainly because the company divested its football club business in October 2025. Excluding the impact of that business and using the same statistical scope, net profit attributable to the parent grew 85.87% year-on-year in the first half. After divesting a 99.66% stake in RCD Espanyol, Rastar Group formally transformed from a three-pillar structure of gaming, toys, and football into a dual-core focus on gaming and toys. At the end of the reporting period, total interest-bearing debt fell to 719 million yuan, and the asset-liability ratio dropped to 35.18%. In the first half, the company's gaming business achieved main operating revenue of 314 million yuan, accounting for 60.69% of total operating revenue, and net profit of 78.2776 million yuan, a sharp year-on-year increase of 957.09%, making it the core engine driving the company's profit improvement. Meanwhile, the toy business achieved main operating revenue of 183 million yuan and net profit of 34.9598 million yuan, with net profit maintaining a steady growth trend. The company is actively promoting the deep application of AI technology in game development, intelligent operations, and customer service. Leveraging high-quality IP resources such as the Heroes of the Three Kingdoms series, it is exploring new content formats and monetization models, and its dual-engine strategy of AI plus IP is gradually showing results.
Jiuqi Holdings' first-half net profit attributable to parent falls 72.8% to 23.67 million yuan
Jiuqi Holdings released its 2026 interim report, showing first-half net profit attributable to the parent of 23.67 million yuan, down 72.8% year on year. Operating revenue was 1.481 billion yuan, down 1.2% year on year; net profit attributable to the parent after deducting non-recurring items was 20.42 million yuan, down 75.5% year on year; net operating cash flow was 80.39 million yuan, up 138.7% year on year; earnings per share were 0.10 yuan. In the second quarter, operating revenue was 733 million yuan, down 9.4% year on year, and net profit attributable to the parent was 6.6 million yuan, down 85.7% year on year. As of the end of the second quarter, total assets were 2.162 billion yuan, down 6.1% from the end of the previous year, and net assets attributable to the parent were 1.107 billion yuan, down 9.0% from the end of the previous year. The company focuses on the research, development, production and sales of complete bicycles, covering traditional bicycles, electric-assist bicycles, mountain bikes and other categories, and emphasizes electric-assist bicycles as a key strategic growth category, with market demand gradually recovering, especially in the European market.
Yaoji Technology's 2026 interim net profit was 216 million yuan, down 15.51% year-on-year
Yaoji Technology released its 2026 interim report. During the reporting period, the company's total operating revenue was 1.322 billion yuan, down 8.07% from the same period last year. Net profit attributable to the parent company was 216 million yuan, down 15.51% year-on-year. Net cash inflow from operating activities was 133 million yuan, down 36.69% year-on-year. The company's latest asset-liability ratio was 27.74%, gross margin was 40.90%, down 3.75 percentage points from the same period last year, and return on equity was 5.65%, down 1.44 percentage points year-on-year. Diluted earnings per share were 0.52 yuan, down 16.23% year-on-year. Total asset turnover was 0.25 times and inventory turnover was 1.47 times, both lower than the same period last year. The company had 52,400 shareholders, and the top ten shareholders held 51.97% of the total share capital.
Shifeng Culture 2026 Interim Report: Gaming Business Surges, Revenue Up but Profit Down
Shifeng Culture released its 2026 interim report on August 28. Leveraging coordinated development across its three core businesses of toys, gaming, and new energy, the company focused on AI-powered smart toys and mini-game overseas expansion. Revenue grew steadily during the reporting period, but a sharp rise in selling and administrative expenses resulted in higher revenue without higher profit. Financial data show that the company achieved operating revenue of 212 million yuan, up 11.83 percent year on year. Net profit attributable to the parent company was 3.0852 million yuan, down 26.09 percent. Net profit after deducting non-recurring items was 2.1094 million yuan, down 50.51 percent. Net cash flow from operating activities was negative 37.4374 million yuan. Although the net outflow narrowed compared with the same period last year, it remained in outflow territory. By business segment, gaming was the biggest growth engine this period, generating operating revenue of 101 million yuan, up 49.29 percent year on year, and raising its share of total revenue to 47.50 percent. The toy business posted revenue of 103 million yuan, down 9.08 percent year on year, with smart toys and trendy toys achieving high growth of 439.91 percent and 222.85 percent respectively. New energy photovoltaic business revenue was 8.4859 million yuan, down slightly by 4.72 percent year on year. Selling expenses rose 55.97 percent year on year to 73.3185 million yuan. Administrative expenses rose 50.18 percent, and research and development expenses rose 70.22 percent. Ending inventory reached 159 million yuan, up 46.73 percent from the beginning of the period. The company faces multiple risks including macroeconomic fluctuations, intensifying industry competition, exchange rate volatility, and policy regulation. Going forward, it needs to focus on sales volume growth for AI toys and trendy toys, overseas monetization of its gaming business, and improvement in operating cash flow.
Malibu Boats Q4 Sales Jump 42.7%, Fiscal 2027 Outlook Issued
Malibu Boats reported a 42.7% rise in fourth-quarter net sales to $295.5 million and a 72.7% increase in adjusted EBITDA to $33.9 million, driven by its Saxdor acquisition and stronger legacy operations. Saxdor contributed $61.2 million in quarterly revenue, while legacy sales rose 13.2%. For fiscal 2026, net sales grew 13.3% to $914.6 million, but adjusted EBITDA fell 1.1% to $73.9 million and GAAP net income dropped 88.8% to $1.7 million due to acquisition costs. The company generated about $43.2 million in free cash flow. Management forecast fiscal 2027 sales of $1.08 billion to $1.12 billion and adjusted EBITDA of $101 million to $109 million, with Saxdor expected to reach about $180 million in revenue. The outlook assumes a flat-to-down marine market, while the company benefits from healthier dealer inventories, a refinanced credit facility, and a new $70 million share-repurchase authorization.
ST Zhonglu's 2026 interim net loss widens to 15.0393 million yuan
ST Zhonglu (600818.SH) released its 2026 interim report. Total operating revenue was 423 million yuan, down 26.25% year on year. Net profit attributable to the parent company was a loss of 15.0393 million yuan, widening by 6.7302 million yuan compared with the same period last year. Net cash flow from operating activities was a negative 4.6189 million yuan, down 149.63% year on year. The company's asset-liability ratio was 56.77%, gross margin was 14.99%, ROE was negative 3.00%, and diluted earnings per share was negative 0.05 yuan. The number of shareholders was 29,000, and the top ten shareholders held 15.66% of total share capital.
Xinri Shares' 2026 Interim Report Shows Net Profit Down 45.12% Year-on-Year
Xinri Shares released its 2026 interim report, with total operating revenue of 1.996 billion yuan, down 8.64% year-on-year. Net profit attributable to the parent company was 33.37 million yuan, down 45.12% from the same period last year. Net cash inflow from operating activities was 157 million yuan, down 61.07% year-on-year. The company's latest asset-liability ratio was 55.20%, gross margin was 12.82%, ROE was 2.20%, and diluted earnings per share was 0.15 yuan. The number of shareholders was 15,900, and the top ten shareholders held 67.02% of the total share capital.
Impulse's 2026 Interim Report Shows Net Profit Down 25.84%
Impulse has released its 2026 interim report. Total operating revenue was 599 million yuan, and net profit attributable to the parent company was 23.4878 million yuan, down 25.84% from the same period last year. Net cash flow from operating activities was negative 10.2793 million yuan, a year-on-year decline of 119.84%. The company's asset-liability ratio was 39.00%, gross margin was 24.59%, ROE was 1.35%, and diluted earnings per share was 0.16 yuan. The number of shareholders was 10,600, and the top ten shareholders held 38.76% of the total share capital.
ST Zhonglu reports first-half 2026 loss of 15.04 million yuan
ST Zhonglu, stock code 600818, disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 423 million yuan, down 26.25 percent year on year. Net profit attributable to the parent company was a loss of 15.04 million yuan, compared with a loss of 8.31 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 12.75 million yuan, compared with a loss of 8.51 million yuan a year earlier. Net cash flow from operating activities was negative 4.62 million yuan, compared with 9.31 million yuan in the prior-year period. Basic earnings per share were negative 0.047 yuan, and the weighted average return on net assets was negative 2.95 percent. The company is mainly engaged in manufacturing businesses such as bicycles, as well as external equity investment business.
Sanboshi's 2026 interim report shows net loss of 20.5795 million yuan, swinging from profit to loss
Sanboshi (001300.SZ) released its 2026 interim report. The company's total operating revenue was 256 million yuan, and net profit attributable to the parent company was negative 20.5795 million yuan, a decrease of 28.8469 million yuan compared with the same period last year, down 348.92 percent year on year, swinging from profit to loss. Net cash flow from operating activities was negative 7.3648 million yuan, a decrease of 2.6722 million yuan year on year. The company's asset-liability ratio was 22.29 percent, up 4.31 percentage points from the same period last year. Gross margin was 14.88 percent, down 6.87 percentage points from the same period last year. Return on equity was negative 2.17 percent, down 2.96 percentage points from the same period last year. Diluted earnings per share was negative 0.08 yuan, down 349.71 percent year on year. The company had 9,980 shareholders, and the top ten shareholders held 181 million shares, accounting for 74.35 percent of total share capital.