Ziel Home Furnishing Technology Co., Ltd. disclosed its semi-annual report on the evening of August 26, 2026. In the first half of the year, it achieved operating revenue of 4.826 billion yuan, up 19.32% year on year, and net profit attributable to the parent of 246 million yuan, up 29.16% year on year. Against the backdrop of RMB appreciation, gross margin rose 0.72 percentage points year on year after excluding the impact of tariff rebates, reflecting a substantive improvement in profitability. The company's strategy of enhancing full-chain efficiency delivered notable results. It completed the layout of six local warehouses in the US market, with average last-mile shipping cost per order falling more than 10% on a compound annual basis compared with the first half of 2024, and outbound order volume from self-operated warehouses plus partnered third-party warehouses growing more than twofold on a compound annual basis. Amazon's VC channel became the core growth engine, generating revenue of 1.866 billion yuan in the first half, up 406.31% year on year, with its share of main business revenue jumping from 9.20% to 38.91%. Non-Amazon platforms contributed 30.92% of revenue, with revenue up 21.83% year on year. New product expansion achieved a breakthrough, with brand-new products accounting for 13.87% of revenue, up 9.52 percentage points from the same period last year. By region, revenue in the European market was 3.239 billion yuan, up 26.03% year on year; revenue in the US and Canada market was 1.299 billion yuan, up 1.46% year on year, though second-quarter revenue alone rose 23.52% year on year; and revenue in the Latin American market was 178 million yuan, up 99.44% year on year. The company has developed more than 70 AI agents, achieving near-total AI replacement in product copywriting, 40% AI auto-reply in customer service, and 60% AI coding automation in IT.
Ziel Home Furnishing Technology Co. Ltd. AFirst-half revenue and net profit grew 19.32% and 29.16% YoY, with gross margin improving.
