Rainbow Department Store released its 2026 interim report, showing first-half net profit attributable to the parent fell 26.3% year on year to 113 million yuan. Operating revenue was 5.75 billion yuan, down 4.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 87.38 million yuan, down 30.9%. Net operating cash flow was 643 million yuan, up 64.4%. In the second quarter, net profit attributable to the parent was a loss of 34.69 million yuan, a year-on-year decline of 1,350.6%. The company said it continues to promote digital and intelligent transformation and business format innovation, building an omnichannel consumer service platform based on its self-developed retail vertical AI model, Skylark AI.
Rainbow Department Store Co LtdFirst-half net profit fell 26.3% and Q2 swung to a loss.
