Little Bear Electric (002959.SZ) announced first-half results, net profit of 120 million yuan to mother, a year-on-year decrease of 41.30%

According to the Zhitong Finance App, Little Bear Electric (002959.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 2,349 billion yuan, a year-on-year decrease of 7.34%. Achieved net profit attributable to shareholders of listed companies of 120 million yuan, a year-on-year decrease of 41.30%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 109 million yuan, a year-on-year decrease of 41.59%. Basic earnings per share were $0.7755.

It is mainly affected by the following factors: 1. The withdrawal of small household appliances from the scope of national subsidies is compounded by uncertainty in the global economy, and there is insufficient momentum for market demand growth. According to Aowei Cloud Network (AVC) omni-channel marketing data, domestic omni-channel retail sales of small kitchen appliances in the first half of 2026 amounted to 30.26 billion yuan, a year-on-year decrease of 4.8%. 2. Geographical conflicts have led to a rise in crude oil prices, and further caused major raw materials, energy and logistics costs to rise. 3. Exchange losses were caused by fluctuations in the exchange rate of RMB against the US dollar during the reporting period, which led to an increase in the company's financial expenses compared to the same period last year. 4. Affected by increased market competition, the gross margin of the holding subsidiary Roman Smart declined year-on-year.