Guqi Velvet (001390.SZ) released its first half results, with net profit of 92.984 million yuan to mother, a year-on-year decrease of 5.51%

According to the Zhitong Finance App, Guqi Velvet (001390.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 564 million yuan, an increase of 5.07% over the previous year. Net profit attributable to shareholders of listed companies was 92.984 million yuan, a year-on-year decrease of 5.51%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 91.655 million yuan, a year-on-year decrease of 4.76%. Basic earnings per share were $0.4649.

During the reporting period, the overall development of the company's production and operation was steady. Facing changes in the external environment such as increased competition in the down products industry and rising prices of major raw materials, the company insisted on being guided by customer needs and continued to strengthen supply chain organization management, order delivery, customer service and fund management. With professional management capabilities, it effectively addressed external challenges and showed strong resilience to risks. The overall market price of down raw materials showed an upward trend in the first half of 2026, and the sales price of the company's products increased simultaneously. In this context, the company's maintenance of a certain scale of safety inventory has become an operating advantage, ensuring the continuity and stability of production and supply while effectively reducing costs during the upward price cycle, providing strong support for the operating level. As a materials company, the company established a safe inventory business model, which is one of the “ballast stones” for operating through the price cycle and maintaining steady operation. At the same time, the company continues to strengthen its market development and customer-specific service capabilities. Relying on accumulated product development and customer service experience in the field of high-quality down materials, the company continuously improves order acceptance and delivery capabilities. During the reporting period, the company's main customers and partnerships remained stable. Customer advance payments increased, payment timeliness improved, the company's operating cash flow improved significantly, and financial quality continued to improve.