Yuanwang Technology (002291.SZ) announced semi-annual results, with net profit of 153 million yuan to mother, turning a year-on-year loss into a profit

According to Zhitong Finance App, Yuanwang Technology (002291.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 1.34 billion yuan, a year-on-year decrease of 29.34%; achieved net profit attributable to shareholders of listed companies of 153 million yuan, turning a year-on-year loss into a profit; a net loss of 192 million yuan attributable to shareholders of listed companies after deducting non-recurring profit and loss; and basic earnings per share of 0.1639 yuan.

During the reporting period, the company's live streaming business continued to maintain its leading position in the industry, actively adjusted its business structure, adapted to the wave of AI development, and achieved a year-on-year reduction in overall net profit after deducting non-recurring profit and loss.

In the first half of 2026, the company achieved a 29.34% year-on-year decline in revenue, mainly due to: (1) new media advertising companies actively reduced business revenue and increased overall gross profit despite a decline in revenue; (2) the footwear business was no longer included in the scope of the company's consolidated statements in the second quarter after completing the divestment; (3) the company actively implemented structural optimization of the social e-commerce business, and further concentrated resources on high-margin high-quality accounts and core IPs. The overall gross margin of the social e-commerce business increased to 9.54% from 8.30% the previous year. The total net operating cash flow of listed companies reached 6.7427 million yuan, of which the core subsidiaries Hangzhou Yuanwang and Yuanwang Innovation achieved a total net operating cash flow of 59.503 million yuan.