Heatwell Electric Appliance disclosed its 2026 interim report. In the first half, it achieved operating revenue of 1.105 billion yuan, up 12.13% year on year. Net profit attributable to shareholders of the listed company was 163 million yuan, up 1.76% year on year. Basic earnings per share were 0.41 yuan. The company said that due to factors such as RMB appreciation and rising raw material prices, profit growth was lower than revenue growth.
Hangzhou Heatwell Electric Heating Technology Co., Ltd.Net profit growth of 1.76% lags revenue growth of 12.13% due to RMB appreciation and rising raw material costs, indicating margin pressure.
