Kouzijiao's net profit fell 48.97% year on year in the first half of 2026

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Kouzijiao released its 2026 semi-annual report, achieving operating revenue of 1.952 billion yuan, down 22.89% year on year; net profit attributable to shareholders of the listed company was 365 million yuan, down 48.97% year on year. The decline in performance was mainly due to a decrease in operating revenue during the reporting period, while the declines in administrative expenses and selling expenses were both smaller than the decline in operating revenue. Among them, net profit in the second quarter was 36 million yuan, and net profit in the first quarter was 329 million yuan, with second-quarter net profit down 89% quarter on quarter.

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