Jiama Fashion disclosed its half-year report on the evening of August 26. First-half operating revenue was 558 million yuan, up 12.30 percent year on year, but net profit attributable to the parent company was 62.1688 million yuan, down 2.94 percent year on year. Non-GAAP net profit was 51.954 million yuan, up 19.10 percent year on year. Net cash flow from operating activities fell sharply by 122.85 percent to negative 48.8723 million yuan, mainly due to a reduction in government subsidies, preservation of some funds in litigation, and an increase in tax and fee payments. The company's direct-sales model gross margin rose, but the e-commerce model gross margin declined because of more promotional activities and higher costs from process upgrades. The company flagged the risk of a declining number of newborns, with 7.92 million newborns in 2025, a drop of 57.94 percent from 2016, which may affect the children's wear market.
Beijing Jiaman Dress Co. Ltd. ANet profit fell 2.94% and operating cash flow dropped sharply by 122.85% to negative, despite revenue growth.
