Foshan Saturday Shoes Co LtdYowant Technology (parent) expects net profit turnaround due to efficiency improvements and sale of Saturday footwear assets, generating non-recurring gains.

Yowant Technology disclosed its earnings forecast, expecting net profit attributable to the parent of 140 million yuan to 210 million yuan in the first half of 2026, compared with a loss of 253 million yuan in the same period last year, achieving a turnaround year-on-year. Deducted non-recurring profit or loss is expected to be a loss of 150 million yuan to 225 million yuan, compared with a loss of 254 million yuan in the same period last year. The company's internet marketing business achieved a significant reduction in operating losses through efficiency improvements, project enhancements and innovation, among which the co-incubated brand Duowei achieved total sales exceeding 800 million yuan on its first anniversary. In addition, the company completed the overall sale of Saturday footwear assets, which had a positive impact of approximately 338 million yuan in non-recurring gains on net profit for the first half, but the operating losses and depreciation and amortization of the footwear assets in the first half still exerted some pressure on performance.
Foshan Saturday Shoes Co LtdYowant Technology (parent) expects net profit turnaround due to efficiency improvements and sale of Saturday footwear assets, generating non-recurring gains.
Saturday footwear assets were sold, and their operating losses and depreciation still pressure performance, though sale generated gains for parent.