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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Deewin Tianxia
Deewin Tianxia (2418) investor relations material
Deewin Tianxia H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary28 Aug, 2026
Executive summary
H1 revenue rose 26.2% YoY to RMB1,434.9m, while net profit fell 63.0% to RMB33.9m.
Growth in logistics and supply chain services was offset by lower gross margin, higher financial-asset impairment losses and increased R&D costs amid intensified competition.
Financial highlights
Revenue rose to RMB1,434.9m from RMB1,137.1m; cost of revenue increased 34.0% to RMB1,231.8m.
Gross profit declined 6.8% to RMB203.0m; gross margin fell to 14.1% from 19.1%.
Operating profit was RMB65.4m vs RMB123.6m; profit before tax fell 51.7% to RMB57.0m.
Net profit was RMB33.9m vs RMB91.7m; net margin fell to 2.4% from 8.1%; basic and diluted EPS were RMB0.02 vs RMB0.04.
Net impairment losses on financial assets rose 197.6% to RMB49.1m; R&D costs increased 31.8% to RMB23.6m.
Outlook and guidance
H2 priorities: reinforce core operations, pursue quality-led growth in logistics, and strengthen operating efficiency and risk controls.
Finance plans target selected non-vehicle leasing sectors, including high-end equipment and logistics infrastructure, alongside broader factoring products, customer reach and risk management.
Data services target used-vehicle valuation, financial risk management, usage-based insurance and regional market analytics.
Overseas plans build on Hong Kong and Indonesia subsidiaries, which began operations in H1 2026, with localized sales, finance leasing and product support.
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Latest events from Deewin Tianxia
- Lower logistics revenue, but stronger profit and a strategic pivot to new energy and digital services.2418
H2 2024 - Profit rose 5.2% as lower impairments offset a 14.7% revenue decline.2418H1 2024
- Revenue grew 14.3%, but lower margins and higher impairments cut attributable profit 34.1%.2418H2 2023
- Revenue rose 6.2%, but margin pressure and weaker leasing income lowered H1 profit.2418H1 2023
- Revenue growth was outweighed by margin pressure and higher credit impairment costs.2418H2 2025
- Higher gross margin and IoV growth tempered lower H1 revenue and profit.2418H1 2025
Next Deewin Tianxia earnings date
H2 202626 Mar, 2027
Deewin Tianxia
Next Deewin Tianxia earnings date
H2 202626 Mar, 2027
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