Zhejiang Supor Co Ltd

Supor released its 2026 semi-annual report, showing operating revenue of 11.41 billion yuan for the period, down 0.59% year on year, and net profit attributable to shareholders of the listed company of 868 million yuan, down 7.7% year on year. The company plans no cash dividend, no bonus shares, and no conversion of capital reserve into share capital for the first half of 2026.

Supor released its 2026 interim report. Total operating revenue was 11.41 billion yuan, down 0.59% from the same period last year. Net profit attributable to the parent company was 868 million yuan, down 7.70% year-on-year. Net cash inflow from operating activities was 484 million yuan, down 5.50% year-on-year. The company's latest asset-liability ratio was 60.47%, gross margin was 24.24%, return on equity was 17.18%, and diluted earnings per share was 1.09 yuan.

Tianqi Lithium released its first-half results, with net profit reaching 4.242 billion yuan, up 4925.46% year-on-year. In addition, Kaierda's first-half net profit was 28.269 million yuan, up 1095.3% year-on-year; Shannon Core Innovation's net profit was 3.642 billion yuan, up 2207.2% year-on-year; Demingli's net profit was 6.017 billion yuan, turning from loss to profit year-on-year, and it plans a share conversion of 4 shares for every 10 shares with a dividend of 15 yuan. Xinwei Communication plans to acquire 55% equity of Yiyang Electronic Technology for 1.1 billion yuan. Supor's net profit was 868 million yuan, down 7.7% year-on-year.

Supor released its 2026 interim report. First-half net profit attributable to the parent fell 7.7% year on year to 868 million yuan, while operating revenue was 11.41 billion yuan, down 0.6% year on year. Second-quarter net profit attributable to the parent was 362 million yuan, down 18.2% year on year, and operating revenue was 5.53 billion yuan, down 2.9% year on year. The company said domestic sales grew slightly, mainly thanks to new product launches in open-flame cookware and small kitchen appliances, such as the second-generation pure titanium wok series and the hot-air zero-coating rice cooker, but export business declined due to the external environment. As of the end of the second quarter, total assets were 12.855 billion yuan, down 4.2% from the end of the previous year, and net assets attributable to the parent were 5.05 billion yuan, down 19.6% from the end of the previous year.

On the evening of August 27, Haier Smart Home, Supor and Robam released their half-year reports. Affected by domestic and international market conditions, all three mainstream home appliance companies saw declines in both volume and profit in the first half. Data from AVC shows that in the first half of the year, total retail sales of all categories in China's home appliance industry reached 425 billion yuan, down 9.9 percent year on year, with a 6 percent decline in the first quarter and a 12.4 percent decline in the second quarter. Haier Smart Home's first-half operating revenue was 152.115 billion yuan, down 2.8 percent year on year, with net profit attributable to the parent company of 10.316 billion yuan, down 14.27 percent, and foreign exchange losses of 704 million yuan. Supor's revenue was 11.4 billion yuan, down 0.59 percent year on year, with net profit attributable to the parent company of 868 million yuan, down 7.7 percent. Robam's revenue was 3.972 billion yuan, down 13.78 percent year on year, with net profit attributable to the parent company of 578 million yuan, down 18.75 percent, and it plans to pay a cash dividend of 5 yuan per 10 shares. Looking ahead to the second half of the year, the decline in the size of the domestic home appliance market is expected to narrow, and companies are streamlining their organizational structures to reduce costs and improve efficiency.

Supor faced pressure in the first half of 2026, with operating revenue of 11.41 billion yuan, down 0.59 percent year-on-year, and net profit attributable to shareholders of the listed company of 868 million yuan, down 7.70 percent. The company's domestic sales business saw slight growth, but export sales declined due to reduced orders from major clients. Overall revenue changed little, while the profit decline was significantly larger than the revenue change. To cope with weak domestic consumer demand and intensifying industry competition, Supor continued to increase marketing investment. Selling expenses in 2025 reached 2.409 billion yuan, up 10.41 percent year-on-year. In the first quarter of this year, selling expenses were 646 million yuan, up 11.17 percent, accounting for 10.98 percent of total quarterly revenue. Meanwhile, the company's R&D investment ratio has long hovered around 2 percent, lower than the 3 to 4 percent levels of peers such as Bear Electric and Joyoung. Recently, Vice General Manager Ye Jide and Chief Financial Officer Xu Bo together reduced their holdings by 43,800 shares, cashing out approximately 1.8788 million yuan. In addition, since 2023, Supor's annual dividend payout ratio has exceeded 99 percent, with cumulative dividends over three years surpassing 6.5 billion yuan, of which more than 80 percent went into the pockets of its French shareholder, sparking market concerns about its long-term competitiveness.

Supor released its 2026 semi-annual results flash, with net profit attributable to the parent down 7.70% year-on-year to 868 million yuan. The company achieved total operating revenue of 11.41 billion yuan, a decrease of 0.59% from the same period last year; operating profit was 1.102 billion yuan, down 6.00%; total profit was 1.101 billion yuan, down 6.05%. Net profit attributable to the parent after deducting non-recurring items was 840 million yuan, down 7.42%. The announcement stated that the decline in net profit was mainly due to the combined impact of export business, rising raw material costs, and lower interest rates leading to reduced returns on monetary funds.