Hanyu Group released its 2026 half-year report, showing net profit attributable to the parent of 89.15 million yuan, down 24% year-on-year. Operating revenue was 574 million yuan, up 0.4% year-on-year, while net profit attributable to the parent after deducting non-recurring items was 85.44 million yuan, down 24.6% year-on-year. Net operating cash flow was 126 million yuan, up 10.4% year-on-year. The household appliance parts segment accounted for 87.59% of total operating revenue. Gross margins for the three main products, drainage and circulation pumps, washing pumps, and condensation pumps, all declined by roughly 0.74% to 5.28% compared with the same period last year. Financial expenses rose from negative 12.58 million yuan in the same period last year to 18.67 million yuan, mainly due to increased exchange losses from currency fluctuations. As of the close on August 14, the company's share price had fallen 34% for the year.
Jiangmen iDear-Hanyu Electrical Joint-Stock Co LtdNet profit fell 24% and gross margins declined across all three main products.
