Vatti Corporation released its 2026 interim report on the evening of August 26. First-half operating revenue was 2.461 billion yuan, down 12.11 percent year on year. Net profit attributable to the parent company was 173 million yuan, down 36.35 percent. Non-GAAP net profit was 156 million yuan, down 41.47 percent. The company said both revenue and profit fell due to the external market environment and intensifying industry competition. The kitchen appliance market as a whole is under pressure, and traditional categories have cooled, but dishwasher retail sales reached 6.22 billion yuan, up 0.6 percent year on year, making it the only category with growth in both volume and value. Although the company announced young actor Zhang Linghe as its brand ambassador in 2026 and launched intangible cultural heritage co-branded products, performance has not improved. Net operating cash flow was negative 303 million yuan, down 273.3 percent year on year. The company attributed this to changes in marketing activity methods and a decline in revenue scale.
Vatti Corp LtdRevenue and profit declined due to weak market demand and intensifying competition.
