China Gold released its 2026 interim report. First-half operating revenue was 24.90 billion yuan, down 19.9% year on year. Net profit attributable to the parent was 279 million yuan, down 12.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 285 million yuan, down 8.1% year on year. Net operating cash flow was -936 million yuan, down 286.0% year on year. Earnings per share were 0.1663 yuan. In the second quarter, operating revenue was 9.55 billion yuan, down 52.5% year on year, and net profit attributable to the parent was 116 million yuan, down 37.2% year on year. As of the end of the second quarter, total assets were 11.64 billion yuan, down 7.2% from the end of the previous year, and net assets attributable to the parent were 7.163 billion yuan, up 0.3% from the end of the previous year. The company said overall operations remain stable but face pressure, and it is improving operating quality through omni-channel marketing coordination, optimizing franchise channels, advancing strategic cooperation with China Resources Mixc, strengthening high-end image store deployment, and refined operations of e-commerce and direct-sales channels.
China National Gold Group Gold Jewellery Co LtdH1 revenue down 19.9%, net profit down 12.4%, operating cash flow deeply negative
