Robam Appliances released its 2026 semi-annual report, showing first-half operating revenue of 3.972 billion yuan, down 13.78 percent year on year. Net profit attributable to the parent company was 578 million yuan, down 18.75 percent, while non-GAAP net profit was 502 million yuan, down 21.77 percent. The company also disclosed a profit distribution plan, proposing a cash dividend of 5 yuan for every 10 shares. Combined with the interim dividend, total cash dividends for the year will reach 945 million yuan. The earnings decline was mainly due to the fading subsidy dividend for kitchen appliances, slower recovery in consumer willingness, and pressure from the property market. Net operating cash flow was negative 362 million yuan. Despite the earnings pressure, the company's range hoods and gas stoves both ranked first in offline market share, and its online kitchen appliance package market share reached 24.7 percent. As of August 27, the company's share price closed at 16.3 yuan, with a total market value of about 15.4 billion yuan.
Hangzhou Robam Appliances Co LtdFirst-half revenue and net profit declined significantly, with non-GAAP net profit down 21.77%.
