• BaWang posted net profit of RMB 1.1 million, swinging from a net loss a year earlier, as operating profit turned positive at RMB 1.5 million.
• Revenue fell 1.9% to RMB 117.7 million, while cost of sales dropped to RMB 57.6 million from tighter packaging and manufacturing cost control.
• Gross profit rose to RMB 60.1 million, lifting gross margin to 51.1% from 44% on lower production costs, including solar power savings.
• Selling and distribution costs climbed 14.3% to RMB 47.1 million on higher promotion fees and delivery expenses, pushing the ratio to 40%.
• Online-channel revenue edged down 1.8% to RMB 66.4 million; Bawang brand sales were RMB 110.9 million, about 94.2% of total revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BaWang International (Group) Holding Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260827-12302699), on August 27, 2026, and is solely responsible for the information contained therein.