Handway Group (02621) announced interim results. Profit attributable to shareholders of 71.532 million yuan decreased by 89.23% year-on-year

According to the Zhitong Finance App, Shouhuai Group (02621) announced its 2026 interim results, with revenue of about 627 million yuan, an increase of about 13.1% over the previous year. Gross profit was approximately $183.5 million, a year-on-year decrease of about 6.7%. The adjusted net profit was about 73.3 million yuan, an increase of about 11.5% over the previous year. Profit attributable to equity shareholders of the company was 71.532 million yuan, a year-on-year decrease of 89.23%; basic profit per share was 0.33 yuan.

In the first half of 2026, various factors intersected, uncertainty in the macroeconomic environment increased, and the integrated reporting and banking policy continued to be affected. At the same time, dividend products ushered in structural growth opportunities due to the “low guarantee+floating income” attribute under the dynamic adjustment of personal insurance reservation interest rates. The company grasped the product switching window and achieved double-digit growth in first-year premiums by increasing market investment. In the first half of 2026, the company achieved first-year premiums of RMB 2.21 billion, an increase of 41.6% over the previous year; total premiums of RMB 5.59 billion, an increase of 12.0% over the previous year. The first-year premium for dividend products reached RMB 1.23 billion, up more than 400% year on year, and corresponding revenue increased by more than 250% year on year.

According to the announcement, the decrease in profit was mainly due to confirmation of income of 619 million yuan due to changes in the fair value of preferred shares issued to investors (classified as financial liabilities before listing) in the same period last year, and there was no such income during the reporting period.