Dare Power Dekor Home's semi-annual report disclosed on August 27 shows that first-half operating revenue was 2.071 billion yuan, down 1.17 percent year on year. Net profit attributable to the parent company was negative 194 million yuan, down 643.59 percent year on year. Net profit attributable to the parent after deducting non-recurring items was negative 202 million yuan, down 788.23 percent year on year. Net cash flow from operating activities was negative 702 million yuan, down 2,153.57 percent year on year. The company's main businesses include flooring, wood-based panels, and aluminum strip, with the aluminum strip business officially starting production in the first half of 2026. In terms of revenue composition, medium and high density fiberboard revenue was 406 million yuan, accounting for 19.59 percent of total revenue, down 13.92 percent year on year. Wood flooring revenue was 921 million yuan, accounting for 44.46 percent of total revenue, down 32.05 percent year on year. Bamboo and stone plastic flooring revenue was 243 million yuan, accounting for 11.74 percent of total revenue, up 10.37 percent year on year. Wooden door and wardrobe business revenue was 45.7607 million yuan, accounting for 2.21 percent of total revenue, up 108.67 percent year on year. Aluminum strip business revenue was 439 million yuan, accounting for 21.19 percent of total revenue. During the reporting period, the company's gross margin was 12.98 percent, down 13.88 percentage points year on year. Period expenses were 480 million yuan, down 73.652 million yuan year on year, and the period expense ratio was 23.17 percent, down 3.24 percentage points year on year. As of June 30, 2026, the company's accounts receivable were 1.503 billion yuan, up 12 percent from the beginning of the year. Inventory was 1.955 billion yuan, up 18.77 percent from the beginning of the year. In the secondary market, the stock closed at 5.51 yuan per share on August 28, up 1.66 percent, and has fallen 24.21 percent cumulatively this year.
Dare Technology Co LtdCompany swung to a net loss, gross margin fell sharply, and operating cash flow turned deeply negative.
