Yik Wo swings to FY26 H1 net loss of RMB 8.6 million; revenue drops 44.8% to RMB 60.4 million

• Yik Wo International posted a net loss of RMB 8.6 million, swinging from profit, as revenue fell 44.8% to RMB 60.4 million.
• Gross profit slid 57.3% to RMB 13.3 million; gross margin narrowed 6.4 percentage points to 22.1%.
• Administrative and other operating expenses climbed 61.2% to RMB 20.2 million, driven by higher R&D spending tied to product changes.
• Cash and cash equivalents rose to RMB 228.1 million; the group reported no borrowings and held lease liabilities of RMB 5.5 million.
• Management flagged weaker demand, tougher competition, higher U.S. tariffs, and a shift toward biodegradable plastics; it plans a new biodegradable factory.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yik Wo International Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260831-12309598), on August 31, 2026, and is solely responsible for the information contained therein.