According to the Zhitong Finance App, Zhongbao New Materials (02439) announced its 2026 interim results, with revenue of 145.5 million yuan, down 5.4% year on year; profit attributable to company owners was 18.527 million yuan, down 47.9% year on year; basic profit per share was 1.72 points.

The year-on-year decline in the Group's revenue in the current period was mainly due to weak domestic consumer demand during the period, which was driven by a shift in shopping habits from physical stores to online consumption and increased adoption of alternative products. As a result, orders from existing customers (especially supermarket chains) have declined, which has had a significant impact on sales of biodegradable shopping bags in particular.

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