Zhejiang Meida released its 2026 interim report, showing first-half operating revenue of 133 million yuan, down 37.3% year-on-year, and a net loss attributable to the parent of 10.71 million yuan, down 187.2% year-on-year. Second-quarter operating revenue was 59.85 million yuan, down 47.5% year-on-year, with a net loss attributable to the parent of 13.62 million yuan, down 403.4% year-on-year. The company said that due to the macroeconomic environment and the real estate market, the integrated stove industry experienced negative growth for the first time, with retail sales falling 31% year-on-year and retail volume falling 29% year-on-year, while intensifying market competition increased sales pressure. The company has adjusted its business strategy, optimized its product matrix, increased investment in new media marketing, and is actively expanding into overseas markets.
Zhejiang Meida Industrial Co LtdFirst-half net loss and revenue decline due to industry negative growth and weak demand.
