Kid Wang (301078.SZ) announced first-half results. Net profit to mother was 172 million yuan, an increase of 19.90% over the previous year

According to the Zhitong Finance App, Kid Wang (301078.SZ) released the 2026 semi-annual report. During the reporting period, the company achieved revenue of 5,095 billion yuan, an increase of 3.74% over the previous year. Achieved net profit of 172 million yuan attributable to shareholders of listed companies, an increase of 19.90% over the previous year. Achieved net profit of 124 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 8.28% over the previous year.

In terms of store layout, as of June 30, 2026, the company's sales and service network included 1,284 parent-child family service stores and 2,694 high-tech hair care stores, achieving full coverage of provincial administrative areas in mainland China, and has a leading position in the industry.

Among parent-child family stores, in the first half of 2026, the company added 32 new stores, closed 69 stores, and closed 994 stores at the end of the period (578 directly managed by Children Wang, 416 stores directly managed and franchised by Leyou). In addition to the direct-run and franchised hosting stores mentioned above, Kids King opened 123 businesses and closed 6 stores during the reporting period. At the end of the period, a total of 290 stores were opened.

Among the technology hair care stores, in the first half of 2026, Siyu added 110 new stores, closed 33 stores, and closed 2,694 stores at the end of the period, including 2,528 franchise stores and 166 direct-run stores.