Shuyu Pingmin (301017.SZ) announced first-half results. Net profit to mother was 25.776 million yuan, a year-on-year decrease of 28.90%

According to the Zhitong Finance App, Shuyu Pingmin (301017.SZ) released the 2026 semi-annual report. During the reporting period, the company achieved revenue of 5.314 billion yuan, an increase of 8.86% over the previous year. Net profit attributable to shareholders of listed companies was 25.776 million yuan, a year-on-year decrease of 28.90%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 247.604 million yuan, a year-on-year decrease of 21.51 percent.

During the reporting period, the company promoted measures such as store operation optimization, rent reduction and control, and digital efficiency improvement, and its main business continued to improve; however, during the reporting period, the amount of bad debt preparation for the company's accounts receivable increased significantly year-on-year, the balance of accounts receivable increased compared to the beginning of the period, and the calculation base for bad debt preparation expanded accordingly; in addition, the age of some accounts receivable was extended, and a higher accrual ratio was applied to the corresponding payments. The above matters reduced the profit for the current period accordingly. In the future, the company will continue to strengthen customer credit management, optimize credit granting and credit sales policies, and control the size of accounts receivable at the source. Regularly carry out accounts receivable questioning, dynamic monitoring of account age, and collection of overdue accounts to reduce the negative impact of bad debt collection on business performance.