Sofya disclosed its half-year report on the evening of August 26, showing first-half net profit slumped more than 80% and gross margin for its core products came under pressure. In the first half of 2026, the company posted revenue of 3.377 billion yuan, down 25.80% year on year. Net profit attributable to shareholders of the listed company was 61.9174 million yuan, down 80.61% year on year. Net profit after deducting non-recurring items was 122 million yuan, down 71.51% year on year. The main reason for the revenue decline was a drop in orders during the period. Revenue from wardrobes and related products fell 26.57% year on year, cabinets and related accessories fell 30.38%, wooden doors fell 22.21%, and other main businesses fell 5.62%. Only export business grew 108.11% year on year. Gross margin for the core wardrobe and related products business slipped 3.20 percentage points. The company said China's custom home furnishing industry is in a phase of deep adjustment. The overall market has moved past the high-speed expansion cycle driven by new property development, and is now facing overlapping pressures from stock-based competition, homogeneous low-price rivalry, and fragmented channel traffic, with small and medium capacity and weaker brands continuing to be cleared out. In the secondary market, the company's share price has trended lower this year. Its latest closing price on August 26 was 8.25 yuan per share, a decline of more than 35% for the year.
Suofeiya Home Collection Co LtdFirst-half net profit fell over 80% and gross margin for core products declined, reflecting weak earnings and margin pressure.
