GIANT BIOGENE
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GIANT BIOGENE (2367) investor relations material

GIANT BIOGENE H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary18 Aug, 2026

Executive summary

  • Revenue for H1 2026 was RMB2,917.7 million, down 6.3% year-over-year, mainly due to sales restructuring and intensified competition.

  • Net profit was RMB939.5 million, a 20.5% decrease year-over-year; adjusted net profit fell 21.5%.

  • The company continued to invest in R&D, launching innovative products, expanding its patent portfolio, and building its brand.

  • Direct sales accounted for 76.6% of revenue, with online DTC stores contributing the majority.

Financial highlights

  • Gross profit was RMB2,318.4 million (down 8.8% YoY); gross margin declined from 81.7% to 79.5%.

  • Net profit: RMB939.5 million (down 20.5% YoY).

  • Basic EPS: RMB0.89 (down 21.9% YoY).

  • Cash and cash equivalents: RMB4,852.5 million (down 23.1% from Dec 2025).

  • Selling and distribution expenses rose 19.7% to RMB1,266.8 million.

Outlook and guidance

  • Management expects a return to growth in H2 2026, focusing on R&D, industrialization of new materials, and expansion of core brands and global presence.

  • Plans to deepen online self-operated platforms, strengthen offline networks, and expand internationally.

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