Yindu Kitchen Equipment Co Ltd

Yindu Kitchen Equipment released its 2026 interim report. Total operating revenue was 1.362 billion yuan, down 4.50% from the same period last year. Net profit attributable to the parent company was 176 million yuan, down 49.31% year-on-year. Net cash inflow from operating activities was 249 million yuan. The asset-liability ratio was 36.36%, gross margin was 46.51%, ROE was 6.41%, and diluted earnings per share was 0.29 yuan.

Yindu Kitchen Equipment disclosed a performance forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 145 million and 185 million yuan, a year-on-year decline of 46.63% to 58.17%. Deducted non-recurring net profit is expected to be between 156 million and 200 million yuan, a year-on-year decline of 23.69% to 40.33%. The expected decline in performance is mainly due to the continued appreciation of the renminbi against the US dollar and the euro, resulting in exchange losses of approximately 45 million to 55 million yuan, compared to an exchange gain of 53.0091 million yuan in the same period last year, leading to a significant year-on-year increase in financial expenses. In addition, non-recurring gains from items such as trading financial assets reached as high as 95.6988 million yuan in the same period last year, while the current period saw a slight loss from related fair value changes, further dragging down net profit. The company's main business operations are performing well, and the fundamentals of its core business remain solid.