Hangmin Shares Reports H1 Net Profit of 300 Million Yuan, Down 4.59% Year-on-Year

Stock News08-18

Zhejiang Hangmin Co.,Ltd. (600987.SH) has unveiled its semi-annual report for 2026, revealing a total operating revenue of 3.888 billion yuan during the period, marking a decline of 28.56% compared to the prior year.

The company's net profit attributable to shareholders of the listed company stood at 300 million yuan, down 4.59% year-on-year. Meanwhile, the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, reached 292 million yuan, reflecting a drop of 4.88%.

Basic earnings per share came in at 0.294 yuan. During the reporting period, the gold jewelry business faced the combined impact of sharp fluctuations in gold prices and adjustments in tax policies. In response to weak terminal demand, the company proactively adjusted its product mix to stabilize its core operations, achieving gold jewelry sales volume of 19.779 tonnes, a decrease of 27.40% year-on-year.

The gold business generated main business revenue of 1.854 billion yuan, down 46.09% from the same period last year, and posted total profit of 75.127 million yuan, a year-on-year decrease of 22.35%.

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