LANCANG TEA Reports Interim Turnaround with Profit of RMB 2.4 Million

Stock News
Yesterday

LANCANG TEA (06911) has released its interim results for fiscal year 2026, showcasing a robust financial recovery. The company posted revenue of approximately RMB 163 million, marking a solid 36.8% year-on-year increase.

Gross profit surged to RMB 98.55 million, up 56.4% compared to the previous corresponding period. Notably, profit attributable to owners of the company reached RMB 2.415 million, successfully reversing the net loss recorded in the prior year. Basic and diluted earnings per share stood at RMB 0.02.

Turning profitable can be attributed primarily to the significant rise in operating revenue, coupled with the effective implementation of cost-reduction and efficiency-boosting initiatives across the business. These measures have collectively driven the company's financial performance into positive territory, underscoring a strategic focus on operational optimization and sustainable growth.

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