Meibang Apparel announced that net profit attributable to shareholders of listed companies in the first half of 2026 is -49 million yuan to -35 million yuan, compared with a profit of 9.9303 million yuan, a year-on-year decrease of 452.46% — 593.44%; net profit after deducting non-recurring profit and loss is -49 million yuan to -35 million yuan, and 666,400 yuan for the same period last year, a year-on-year decrease of 5351.86% to 7452.60%; basic earnings per share are -0.02 yuan/share to -0.01 yuan/share. Reasons for changes in performance: During the reporting period, the company focused on adjusting product layout, promoting new product development and inventory clean-up, and prepared an increase in inventory price reductions in the current period in accordance with the prudential requirements of corporate accounting standards; at the same time, the area of external rental properties declined year-on-year, and rental revenue declined compared to the same period last year.

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