OLO Home Furnishing released its 2026 interim report on August 30, showing declines in both revenue and net profit for the reporting period, but a significant improvement in net cash flow from operating activities. Data shows the company achieved operating revenue of 562 million yuan, down 15.95 percent year on year; net profit attributable to the parent company was 50 million yuan, down 45.81 percent; and non-GAAP net profit attributable to the parent company was 44 million yuan, down 42.57 percent. Net cash flow from operating activities was negative 10 million yuan, a substantial narrowing from negative 75 million yuan in the same period last year. The larger decline in profit than in revenue was mainly affected by factors including increased credit and asset impairment losses and reduced other income. Among these, credit impairment losses and asset impairment losses combined increased by 8.4645 million yuan compared with the same period, involving bad debt provisions on receivables from real estate clients such as Evergrande and China Fortune Land Development; government subsidies decreased by about 19.45 million yuan year on year. Through supply chain optimization and cost reduction and efficiency improvement, the company's selling expenses and administrative expenses fell by 18.25 percent and 1.18 percent year on year respectively.
Nanjing OLO Home FurnishingOLO's 2026 interim report shows revenue down 15.95% and net profit down 45.81%, with increased impairment losses and lower government subsidies.
China Fortune Land Development Co Ltd