Lao Feng Xiang Posts 41.34% Drop in Half-Year Net Profit to 716 Million Yuan

Stock News08-26

Lao Feng Xiang Co.,Ltd. (SH: 600612) has released its semi-annual report for the 2026 fiscal year, revealing a substantial decline in financial performance during the reporting period. The company recorded operating revenue of 19.987 billion yuan, representing a year-on-year decrease of 40.08%.

Net profit attributable to shareholders of the listed company stood at 716 million yuan, down 41.34% compared to the same period last year. Meanwhile, net profit excluding non-recurring gains and losses attributable to shareholders reached 822 million yuan, reflecting a more moderate decline of 21.96% year-on-year.

Basic earnings per share for the period were reported at 1.3684 yuan. In line with its shareholder return policy, the company has proposed a cash dividend of 0.20 yuan per share (pre-tax) for the interim period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment