Hangzhou Jiebai released its 2026 interim report. First-half net profit attributable to the parent company was 152 million yuan, up 0.98% year on year. Operating revenue was 870 million yuan, down 0.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 150 million yuan, up 8.6% year on year. Net operating cash flow was 4.26 million yuan, down 97.7% year on year. Earnings per share were 0.21 yuan. In the second quarter, operating revenue was 372 million yuan, down 6.5% year on year. Net profit attributable to the parent was 61.23 million yuan, down 3.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 66.35 million yuan, up 27.5% year on year. As of the end of the second quarter, total assets were 8.23 billion yuan, down 3.4% from the end of the previous year. Net assets attributable to the parent were 3.827 billion yuan, up 2.4% from the end of the previous year. The company's main business is retail, with formats including department stores and shopping centers, and it is actively expanding into areas such as health and medical services. Management said the company is optimizing its operating model, replacing low-efficiency brands, and improving customer traffic and sales per unit area, while strengthening its investment business with a focus on the pet economy and collectible dolls. The significant decline in net operating cash flow was mainly due to the recovery of operating receivables in the previous year and changes in the operating environment.
Hangzhou Jiebai Group Co LtdInterim results show flat net profit and revenue decline, with mixed signals from cash flow drop and adjusted profit growth.
