Qianbaidu (01028) is expected to turn a year-on-year net profit of about 7 million yuan from shareholders to turn a year-on-year loss into a profit

Zhitong Finance App News, Qianbaidu (01028) issued an announcement. It is expected that the Group will record net profit attributable to equity holders of about RMB 7 million for the six months ending June 30, 2026, while the Group will record a net loss attributable to equity holders of approximately RMB 142 million for the six months ending June 30, 2025. The expected change in loss to profit during the review period is mainly due to (i) the fact that the impairment provision for trade debt owed by Miramar Enterprises (Nanjing) Co., Ltd. for the six months ended June 30, 2025 did not recur during the review period; and (ii) the Group strengthened its internal organizational structure to optimize its footwear business and made major adjustments to stores that continued to underperform or lose money, thereby improving overall operating performance during the review period.