Youngor Fashion (600177) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 5.15 billion, up 0.73% year-over-year; net profit attributable to shareholders was RMB 2.12 billion, up 23.79% year-over-year.

• Fashion segment revenue grew 3.00% year-over-year, with net profit up 3.14%; real estate segment revenue and profit declined 5.95% and 27.89% respectively.

• Investment segment net profit increased 30.57% year-over-year, driven by increased holdings in CITIC and improved asset allocation.

• Board approved a cash dividend of RMB 0.20 per share, totaling RMB 924.67 million.

Financial highlights

• Operating income: RMB 5,148.76 million (+0.73% YoY); total profit: RMB 2,191.83 million (+21.63% YoY).

• Net profit attributable to shareholders: RMB 2,123.07 million (+23.79% YoY); basic/diluted EPS: RMB 0.47 (+25.65% YoY).

• Operating cash flow: RMB 599.19 million (+0.90% YoY); net assets: RMB 42,174.87 million (-0.37% from year-end).

• Non-recurring profit: RMB 62.24 million, mainly from asset disposals and government subsidies.

Outlook and guidance

• Domestic consumption remains weak; apparel sector faces intensified competition and slow recovery.

• Company will focus on brand matrix optimization, channel upgrades, and digital transformation to enhance resilience.