Hongdou Shares disclosed its earnings forecast, expecting operating revenue in the first half of 2026 to decline 10 percent year-on-year, with a net loss attributable to the parent company of 80 million to 95 million yuan, compared to a loss of 96.9028 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 78 million to 93 million yuan, compared to a loss of 114 million yuan in the same period last year. The company stated that due to multiple factors such as intensified industry competition, temporary weakness in market demand, and the proactive closure of underperforming stores, main business revenue in the first half of the year decreased by about 10 percent year-on-year. In the second quarter, the decline in revenue during the traditional off-season combined with rigid expense payments led to a net loss. Despite overall pressure, the company continues to optimize its offline store structure and strengthen cost control, resulting in a slight year-on-year improvement in net profit and net profit after deducting non-recurring items for the first half of the year.
Jiangsu Hongdou Industrial Co LtdRevenue decline of 10% due to weak market demand and intensified competition, leading to a net loss of 80-95 million yuan.