Zhejiang Supor (002032) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was ¥11.41 billion, down 0.59% year-over-year; net profit attributable to shareholders was ¥867.55 million, down 7.70% year-over-year.

• Domestic sales saw slight growth, while export sales declined due to weak overseas demand.

• The company maintained leading market shares in core cookware and small appliance categories, with continued product innovation and channel optimization.

• No interim dividend, bonus shares, or capital increase from reserves was planned.

Financial highlights

• Operating income: ¥11.41 billion, down 0.59% year-over-year.

• Net profit attributable to shareholders: ¥867.55 million, down 7.70% year-over-year.

• Basic EPS: ¥1.09, down 7.63% year-over-year.

• Operating cash flow: ¥484.24 million, down 5.50% year-over-year.

• Gross margin for cookware: 25.83%; for appliances: 23.72%.

Outlook and guidance

• The company will focus on product structure upgrades and new category development to stimulate demand.

• Plans to strengthen cost control and supply chain efficiency amid raw material price pressures.

• Export business faces short-term challenges from tariffs and geopolitical risks; mitigation includes overseas production and customer collaboration.