Xinbao Half-Year Profit Declines as Revenue Softens
The small-appliance manufacturer reports a 74.86% decline in attributable earnings.
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Guangdong Xinbao Electrical Appliances, also known as Donlim, reported a sharp fall in first-half 2026 earnings as sales declined more modestly. Its half-year report, disclosed on August 25, recorded revenue of CNY 7.420 billion, down 4.91% from the same period a year earlier.
Net profit attributable to shareholders fell 74.86% to CNY 136.44 million. Profit excluding non-recurring items was CNY 118.55 million, a decline of 77.72%. Both measures therefore showed substantially weaker earnings, rather than a decline confined to one accounting adjustment. The comparison covers January through June, not the second quarter alone.
Operating cash flow remained positive at approximately CNY 134.62 million. Cash generated by operations and accounting profit measure different aspects of the business, so the positive cash figure does not reverse the reported earnings decline. The company also said it did not plan an interim cash dividend, bonus shares or a capital-reserve conversion into shares.
Xinbao's results cover a broad small-appliance manufacturing business. For cleaning-industry readers, they provide a supplier-level view of trading conditions across that portfolio. They do not isolate vacuum cleaners or establish how an individual customer brand performed during the half year.