Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. (Yan Palace) released its unaudited results for the six months ended 30 June 2026.

Revenue rose 16.5% year-on-year to RMB1.18 billion, driven by steady growth across both online and offline channels. Online sales contributed 65.2% of total revenue, reaching RMB770.20 million.

Gross profit increased 20.3% to RMB634.80 million, lifting the gross margin to 53.7% from 52.0% a year earlier. Operating leverage and smart-factory efficiencies supported the improvement.

Net profit jumped 42.9% to RMB110.70 million. Selling and distribution expenses grew 21.8% to RMB406.10 million, mainly reflecting higher brand-promotion spending; administrative expenses rose 9.9% to RMB73.20 million.

Cash and cash equivalents stood at RMB690.86 million, up 8.6% from end-2025. The Group had no interest-bearing borrowings and an available banking facility of RMB172.00 million.

The Board declared an interim dividend of RMB2.17 per ten shares, amounting to RMB100.19 million. Shareholders on record as of 10 September 2026 will receive payment on 24 September 2026, subject to approval at the 3 September 2026 EGM.

Segment highlights: • Pure EBN products generated RMB1.03 billion (+15.0%). • EBN+ and +EBN products contributed RMB145.19 million (+30.8%). • Offline revenue accounted for 34.8%, reflecting store upgrades and geographic expansion.

Key metrics for the period include a current ratio of 1.8 and a gearing ratio of 11.8%, both broadly stable. Capital expenditure totaled RMB6.90 million, down from RMB18.80 million in the prior-year period.

Yan Palace reiterated its strategy of brand elevation, product innovation and omni-channel optimisation, and highlighted plans to accelerate premium and functional product development in the second half of 2026.