Haining Leather City has released its 2026 interim report. During the reporting period, the company achieved operating revenue of 457 million yuan, down 2.56 percent year on year. Net profit attributable to the parent company was 59 million yuan, up 26.96 percent year on year. Non-recurring net profit was 41 million yuan, down 11.61 percent year on year. The profit growth mainly benefited from investment income of approximately 15.18 million yuan generated by the disposal of a 70 percent stake in Jiangsu Shuyang Haining Leather Development Company, as well as cost reduction and efficiency improvement measures. However, the decline in non-recurring net profit and a significant reduction in operating cash flow indicate that the core business remains under earnings pressure. Revenue from market development and operations was 294 million yuan, accounting for 64.35 percent of the total, down 7.33 percent year on year. Revenue from finance-related services was 89 million yuan, up 17.26 percent year on year, with a gross margin as high as 81.21 percent. Revenue from health and medical services was 38 million yuan, up 10.04 percent year on year. Revenue from sales of shops and supporting properties fell sharply by 70.46 percent to 7.15 million yuan. The company faces challenges such as intensifying market competition and pressure on rents, and is accelerating digital and intelligent integration, expanding foreign trade channels, and deepening its health, elderly care, and financial services layout.
Haining China Leather Market Co LtdCore business under pressure; non-recurring net profit down 11.61%, operating cash flow significantly reduced, and shop sales revenue fell sharply.
