Tianyoude Liquor released its 2026 interim report. Net profit attributable to the parent in the first half was 10.44 million yuan, down 79.7% year-on-year. Operating revenue was 575 million yuan, down 14.7% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 8.99 million yuan, down 81.6% year-on-year. Net operating cash flow was 118 million yuan, up 119.4% year-on-year. Second-quarter operating revenue was 169 million yuan, down 30.4% year-on-year, while net profit attributable to the parent recorded a loss of 38.04 million yuan, a wider loss than the same period last year. The company said its main business and distribution model remain unchanged, and it continues to focus on the research, production and sales of highland barley baijiu.
Qinghai Huzhu Barley Wine Co LtdNet profit attributable to parent fell 79.7% year-on-year to 10.44 million yuan, with Q2 loss widening.
