Jinhui Liquor released its 2026 half-year report. In the first half, it achieved operating revenue of 1.816 billion yuan, up 3.19 percent year on year, but net profit attributable to the parent company was 214 million yuan, down 28.24 percent year on year. The company said the decline in net profit compared with the same period last year was affected by an increase in promotional liquor, new share-based payments from the implementation of an employee stock ownership plan, and supplementary tax payments. By product, revenue from products priced between 100 and 300 yuan was 923 million yuan, down 4.77 percent year on year, accounting for 52.32 percent of total revenue. Revenue from products above 300 yuan was 414 million yuan, up 8.89 percent year on year. Revenue from products below 100 yuan was 427 million yuan, up 16.66 percent year on year. By channel, revenue from the distributor channel was 1.627 billion yuan, up slightly by 0.4 percent year on year. Revenue from direct sales including group buying was 41 million yuan, up 5.91 percent year on year. Revenue from internet sales channels was 97 million yuan, up 69.94 percent year on year. By region, revenue from the market within Gansu Province was 1.305 billion yuan, down 2.18 percent year on year. Revenue from markets outside the province was 460 million yuan, up 20.31 percent year on year.
Jinhui Liquor Co LtdNet profit fell 28.24% due to promotional liquor, share-based payments, and tax supplements.
