Pacific Securities released a research report saying that in the first half of 2026, the Michelle Group achieved revenue of 15.216 billion yuan, an increase of 2.3% over the previous year; net profit to mother was 2,296 billion yuan, and gross profit of 4.630 billion yuan. The company paid dividends for the first time since its listing. It plans to pay a special dividend of about 1.06 billion yuan, with a dividend ratio of about 44%. The bank believes that the core competitiveness of the Michelle Group stems from its deep supply chain and brand moat. According to the company's performance and recent situation, the bank adjusted the company's profit forecast. The revenue for 2026-2028 is expected to be 34 billion yuan, 37.3 billion yuan, and 40.8 billion yuan, respectively, with year-on-year growth rates of 1%, 10%, and 9%; net profit to mother is 5.1 billion yuan, 5.8 billion yuan, and 6.6 billion yuan respectively; EPS is 13.56 yuan, 15.17 yuan, and 17.34 yuan respectively, corresponding to the current stock price PE, which is 13 times, 12 times, and 10 times, respectively.

Pacific Securities released a research report saying that in the first half of 2026, the Michelle Group achieved revenue of 15.216 billion yuan, an increase of 2.3% over the previous year; net profit to mother was 2,296 billion yuan, and gross profit of 4.630 billion yuan. The company paid dividends for the first time since its listing. It plans to pay a special dividend of about 1.06 billion yuan, with a dividend ratio of about 44%. The bank believes that the core competitiveness of the Michelle Group stems from its deep supply chain and brand moat. According to the company's performance and recent situation, the bank adjusted the company's profit forecast. The revenue for 2026-2028 is expected to be 34 billion yuan, 37.3 billion yuan, and 40.8 billion yuan, respectively, with year-on-year growth rates of 1%, 10%, and 9%; net profit to mother is 5.1 billion yuan, 5.8 billion yuan, and 6.6 billion yuan respectively; EPS is 13.56 yuan, 15.17 yuan, and 17.34 yuan respectively, corresponding to the current stock price PE, which is 13 times, 12 times, and 10 times, respectively.