Le tree (E6R) H1 2026 earnings summary

Executive summary

• Transitioned from timber operations to beauty, wellness and personal care products, plus aesthetic and medical care; new operations contributed results only from June 2026.

• H1 2026 total loss was RMB435,000, versus prior-year profit of RMB931,835,000, which included a large disposal gain from the former timber operations.

Financial highlights

• Revenue fell 94% YoY to RMB3,147,000; gross profit rose 57% to RMB2,092,000 as the new business had higher gross margins than former timber trading.

• General and administrative expenses increased 132% to RMB2,514,000, driven mainly by transformation and acquisition fees and new-business setup costs.

• Other income decreased to RMB43,000 from RMB1,249,000, mainly reflecting foreign exchange gains in the prior period; finance expenses fell 89% to RMB3,000.

Outlook and guidance

• Near-term performance is expected to reflect integration and scaling of recently acquired operations rather than a mature platform; Malaysia operations are not expected to contribute materially in the immediate term.

• Over the next 12 months, performance depends on integration, customer and revenue growth in BWPC and AMC, PRC regulatory compliance, and execution of Southeast Asia expansion plans.