Red Dragonfly announced its 2026 interim report on August 27. In the first half, it achieved operating revenue of 1.022 billion yuan, down 0.1 percent year on year. Net profit attributable to the parent turned from loss to profit, reaching 8.95 million yuan, compared with a loss of 22.97 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items also turned positive, at 160,000 yuan, versus a loss of 40.39 million yuan a year earlier. Net operating cash flow was 18.46 million yuan, down 83.8 percent year on year, and earnings per share were 0.02 yuan. In the second quarter, the company's operating revenue was 468 million yuan, up 1.5 percent year on year, and the net loss attributable to the parent narrowed to 280,000 yuan from 27.04 million yuan in the same period last year. As of the end of the second quarter, the company's total assets were 3.439 billion yuan, down 5.1 percent from the end of the previous year, and net assets attributable to the parent were 2.406 billion yuan, down 4.5 percent. During the reporting period, the company refreshed its main brand Red Dragonfly, strengthened connections with younger consumers, optimized its product structure, increased research and development of fashion footwear such as white sneakers and skate shoes, adjusted offline stores by closing low-efficiency outlets and upgrading quality ones, actively expanded military group-purchase business, and used AI technology to improve operational efficiency.
Zhejiang Red Dragonfly Footwear Co LtdReturned to profit with net profit of 8.95 million yuan, reversing prior-year loss.
