Oppein Home Group announced on August 29 that revenue for the first half of 2026 was 5.95 billion yuan, down 27.79% year on year, with net profit attributable to the parent company of 442 million yuan, down 56.62%, and basic earnings per share of 0.73 yuan. The company has now posted two consecutive years of declining revenue and profit, with this year's profit decline roughly double the revenue decline, mainly due to the property market adjustment and weaker-than-expected consumption recovery. Financial expenses surged 116.60% year on year because of exchange losses, net margin fell from 12.39% to 7.49%, and net operating cash flow plunged 94.45% year on year to 92.4974 million yuan, mainly because of the high base from last year's trade-in national subsidies. The company has designated 2026 as the first year of its AI strategy. Its self-developed Smart Home Cloud platform now covers nearly 7,000 stores, and AI-assisted design usage has exceeded one million times, but the contraction in traditional business has completely offset the efficiency gains from AI.
Oppein Home Group IncFirst-half net profit halved, revenue down 27.79%, operating cash flow plunged 94.45% due to property market adjustment and weak consumption.
