Fulu FY26 H1 profit before tax rises 11.5% to RMB 35.72 million; revenue falls 28.4% to RMB 112.66 million

• Fulu posted profit before tax of RMB 35.72 million, up 11.5%, as revenue fell 28.4% to RMB 112.66 million.
• Gross margin widened 7.3 percentage points to 80.7%, while gross profit slipped 21.3% to RMB 90.96 million.
• Profit attributable to owners dropped 23.5% to RMB 23.06 million; management cited higher non-controlling interests after a subsidiary-based operating shift.
• GMV declined 5.9% to RMB 3.79 billion, with lifestyle GMV rising 7.1% to RMB 2.21 billion and corporate welfare down 51.8% to RMB 160.45 million.
• Cash and cash equivalents totaled RMB 325.14 million; a special dividend of HK$ 0.342 per share was declared July 21 and paid Aug. 18.

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. Fulu 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-20260910-12327753), on September 10, 2026, and is solely responsible for the information contained therein.