Zhejiang Meida disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 133 million yuan, down 37.33 percent year on year. Net profit attributable to the parent company was a loss of 10.71 million yuan, compared with a profit of 12.28 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 13.99 million yuan, compared with a profit of 10.69 million yuan a year earlier. Net cash flow from operating activities was negative 22.57 million yuan, compared with negative 28.88 million yuan in the prior-year period. Basic earnings per share were negative 0.02 yuan, and the weighted average return on net assets was negative 0.73 percent. The company's business covers integrated stove series, dishwashers, integrated sinks and other supporting kitchen appliances, as well as whole-house custom home furnishings.
Zhejiang Meida Industrial Co LtdReports first-half loss of 10.71 million yuan vs year-ago profit, with revenue down 37.33%.
