Jiayao Holdings (01626) is expected to achieve net profit after tax of about $11 million to $15 million in the medium term, turning a year-on-year loss into a profit

According to the Zhitong Finance App, Jiayao Holdings (01626) issued an announcement. Based on the information currently available from the Company's management, the Group expects to obtain a net profit of approximately RMB 11 million to RMB 15 million in the six months ending June 30, 2026, while net loss after tax is approximately RMB 22.2 million for the six months ending June 30, 2025. The expected change in loss to profit is mainly due to: (i) strong growth in the Group's electronic atomization microcontroller and master control chip business for the six months ended June 30, 2026; and (ii) the recovery of the e-cigarette business compared with the period ended June 30, 2025.