Liuliumei (6658) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB1,060.7 million, up 10.6% year-over-year, with gross profit margin rising to 37.3% from 34.6%, driven by product mix optimization and higher-margin new products.

• Net profit increased 33.5% to RMB140.9 million, with EPS at RMB2.06, compared to RMB1.55 in H1 2025.

• The company completed its Hong Kong IPO in June 2026, raising HK$499.6 million gross and HK$440.1 million net proceeds, significantly boosting cash reserves.

• No interim dividend was declared for H1 2026; a final dividend of RMB1/share (RMB67.3 million) was paid in May 2026.

Financial highlights

• Revenue: RMB1,060.7 million (+10.6% YoY); gross profit: RMB395.9 million (+19.3% YoY); net profit: RMB140.9 million (+33.5% YoY).

• Gross profit margin improved to 37.3% (from 34.6%); online self-operated stores gross margin surged to 51.2%.

• Cash and cash equivalents rose to RMB430.7 million (from RMB33.9 million at 2025 year-end), mainly due to IPO proceeds.

• Gearing ratio decreased to 41.03% (from 53.92% at 2025 year-end).

• Basic EPS: RMB2.06 (+32.9% YoY).

Outlook and guidance

• Plans to deepen the “Plum+” strategy, focusing on green plum products and innovation in plum jelly, prune-based, and dried fruit categories.

• Will accelerate capacity projects, expand global procurement, and enhance omni-channel sales, especially in snack stores and online channels.

• Aims to strengthen brand influence, supply-chain resilience, and R&D investment to support long-term growth.