Dahon Tech (Shenzhen) (2543) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 53.7% YoY to RMB489.7m, while profit attributable to owners increased 72.3% to RMB66.9m; gross margin expanded 1.7 percentage points to 35.2%.

• Mainstream models faced temporary supply shortages amid stronger folding-bike demand; online direct sales, product upgrades and international channel expansion supported momentum.

Financial highlights

• Revenue was RMB489.7m versus RMB318.7m; gross profit was RMB172.2m versus RMB106.7m for H1 2025.

• Period profit and total comprehensive income reached RMB64.6m versus RMB38.8m; owners’ attributable profit was RMB66.9m, offset by RMB2.3m attributable loss to non-controlling interests.

• Operating cash generated was RMB197.9m versus RMB47.3m; cash and equivalents were RMB527.7m at June 30, 2026.

Outlook and guidance

• H2 priorities include brand development, a broader mid-to-high-end folding-bike range, new folding e-bikes, channel expansion, technology investment and Huizhou plant capacity upgrades.

• Plans also include expanding BICECO in mass-market segments, developing overseas channels and deepening patent, brand and channel licensing through Sharing 360.