Yanghe Shares released its 2026 half-year report, showing first-half net profit attributable to the parent of 2.602 billion yuan, down 40.1% year on year. Operating revenue was 10.54 billion yuan, down 28.8% year on year. Net profit attributable to the parent after deducting non-recurring items was 2.449 billion yuan, down 42.1% year on year. Net operating cash flow was 335 million yuan, down 45.7% year on year. Earnings per share were 1.7271 yuan. In the second quarter, operating revenue was 2.35 billion yuan, down 36.9% year on year. Net profit attributable to the parent was 155 million yuan, down 78.0% year on year. Net profit attributable to the parent after deducting non-recurring items was 21.18 million yuan, down 96.6% year on year. As of the end of the second quarter, total assets were 55.976 billion yuan, down 4.5% from the end of the previous year. Net assets attributable to the parent were 47.181 billion yuan, up 0.8% from the end of the previous year. The company said that during the reporting period the baijiu industry faced deep adjustment, consumer momentum was weak, and industry divergence intensified. National baijiu output by enterprises above designated size fell 4.7% year on year, and the company has taken measures to respond to market changes.
Jiangsu Yanghe Brewery Joint-Stock Co LtdFirst-half net profit attributable to parent fell 40.1% to 2.602 billion yuan, with revenue down 28.8%.
