Leysen Jewellery expects attributable net profit to drop 65% year-on-year in the first half of 2026

Earnings
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Leysen Jewellery disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be 21.3 million yuan, down 65% year-on-year. Deducted non-recurring net profit is expected to be 20.3 million yuan, down 71%. The company said that due to multiple factors such as sharp gold price fluctuations triggering consumer wait-and-see sentiment, and relatively rigid costs like labour and rent, main business revenue in the second quarter fell about 50% compared with the same period last year, leading to a decline in first-half operating revenue and profitability. Based on the closing price on 14 July, Leysen Jewellery currently has a price-to-earnings ratio of about 96.5 times, a price-to-book ratio of about 0.99 times, and a price-to-sales ratio of about 1.3 times. The company is mainly engaged in brand operation management, product design and development, and retail.

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Leysen Jewellery Inc
603900
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Company expects net profit to drop 65% due to sharp gold price fluctuations triggering consumer wait-and-see sentiment, causing Q2 revenue to fall ~50%.