Anli Group released its semi-annual report. First-half operating revenue was 1.12 billion yuan, up 1.92% year-on-year, but net profit attributable to the parent was 33.31 million yuan, down 64.28% year-on-year. In the second quarter alone, revenue was 600 million yuan, up 15.25% quarter-on-quarter, and net profit attributable to the parent was 27.71 million yuan, up 394.50% quarter-on-quarter, suggesting a turning point in performance recovery may be emerging. The company said the profit decline was mainly due to insufficient downstream demand, lower sales volumes in some categories, and the US-Israel-Iran military conflict pushing up raw material costs, while RMB appreciation led to exchange losses, with financial expenses surging 681.82% year-on-year. In addition, first-half net operating cash flow was 7.61 million yuan, down 80.52% year-on-year. The company focuses on eco-friendly functional polyurethane synthetic leather, used in footwear materials, sofas and home furnishings, among other areas. Facing these challenges, the company is advancing its key account strategy and customer diversification.
Anhui ANLI Artificial LeatherFirst-half net profit fell 64.28% due to insufficient downstream demand and lower sales volumes.
