Oppein Home Group disclosed a performance forecast, estimating that net profit attributable to the parent for the first half of 2026 will be between 407 million yuan and 509 million yuan, a year-on-year decline of 50% to 60%. Deducted non-recurring net profit is expected to be between 330 million yuan and 424 million yuan, a year-on-year drop of 55% to 65%. The company stated that the decline in performance is mainly due to the deep adjustment of the real estate industry, sluggish recovery in end-user home furnishing consumption, a significant drop in customer traffic, intense industry competition, and the high base formed by the concentrated release of home decoration demand from the trade-in policy in the same period last year, which continued to put pressure on second-quarter operating revenue. Although the company is actively promoting businesses such as whole-home decoration, partial renovations, and community stores, it still takes time for the relevant operating strategies to take effect from adjustment, and their contribution to revenue in this period is limited. In addition, the decline in main business revenue makes it difficult to dilute fixed costs, which, combined with regular operating expenses, dragged down overall net profit.
Oppein Home Group IncCompany expects 50-60% net profit drop due to weak end-user demand and real estate downturn.