Robam Appliances released its 2026 interim report, with first-half net profit attributable to the parent company of 578 million yuan, down 18.75% year on year. Operating revenue was 3.972 billion yuan, down 13.8% year on year; net profit attributable to the parent after deducting non-recurring items was 502 million yuan, down 21.8% year on year; net operating cash flow was negative 362 million yuan, down 170.9% year on year. Second-quarter operating revenue was 2.01 billion yuan, down 20.6% year on year; net profit attributable to the parent was 272 million yuan, down 26.9% year on year. The company said that, affected by the phasing out of the national kitchen appliance subsidy policy, the slow recovery of consumer willingness to spend, and pressure on the real estate market, the overall scale of the domestic kitchen appliance market has declined, with retail sales of range hoods and gas stoves falling 17.8% and 22.6% respectively.
Hangzhou Robam Appliances Co LtdFirst-half net profit down 18.75% and revenue down 13.8% due to weak demand and subsidy phase-out.
