Bawang Group (01338) announced interim results with a net profit of 1.073,000 yuan, turning a year-on-year loss into a profit

According to the Zhitong Finance App, Bawang Group (01338) announced its 2026 interim results, with total revenue of about 118 million yuan, a year-on-year decrease of about 1.9%; net profit of 1.073,000 yuan, turning a year-on-year loss into a profit; and a profit of 0.03 points per share.

Furthermore, gross margin increased from 44.0% in the same period last year to 51.1%, mainly due to a reduction in packaging material costs and manufacturing costs, including cost savings achieved by using electricity generated by the Group's rooftop solar panels, and a reduction in rent payments.