JIUJIUWANG (01927) has released its interim results for the six months ended June 30, 2026. The group recorded revenue of RMB 165 million, representing a year-on-year increase of 1.65%. Profit attributable to owners of the company reached RMB 4.748 million, up 16.34% compared to the same period last year, with earnings per share of 0.6 cents.
According to the announcement, the increase in profit was primarily driven by the net effects of the following factors: a decrease in gross profit, mainly due to reduced sales of proprietary brand products, which typically carry higher margins than OEM products; an increase in other income and gains, net, largely attributable to a higher reversal of expected credit losses on trade receivables; a reduction in selling expenses of approximately RMB 1 million, mainly resulting from decreased marketing and promotional expenditures during the period; and a decline in administrative expenses of about RMB 0.8 million, primarily due to lower travel expenses incurred during the period.
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