Bawang Group (01338) expects profit of about 1 million yuan to 2 million yuan in the first half of the year to turn a year-on-year loss into a profit

Zhitongcaijing · 1d ago

According to the Zhitong Finance App, Bawang Group (01338) announced that the Group expects to make a slight operating profit in the first half of 2026, amounting to about RMB 1 million to RMB 2 million, while operating losses of about RMB 2.3 million for the six months ending June 30, 2025.

Despite a slight decline in the Group's revenue, the Group's financial performance in the first half of 2026 turned a loss into a profit, mainly due to a reduction in the following sales costs: reduction in the cost of packaging materials; cost savings achieved by using electricity generated by the Group's rooftop photovoltaic panels in Group production; and a reduction in rents for the Group's business premises. The above factors together led to an improvement in the Group's gross profit in the first half of 2026 compared to the same period in 2025.