BAWANG GROUP (01338) has unveiled its interim results for the 2026 fiscal period, showcasing a significant financial rebound as the company swung to profitability. The herbal hair care specialist recorded a net profit of 1.073 million yuan, a stark contrast to the loss reported during the same timeframe in the previous year, marking a successful turnaround for the firm.

During the reporting period, the company generated total revenue of approximately 118 million yuan, reflecting a modest decline of about 1.9% year-on-year. Despite the slight dip in top-line performance, the bottom line improved considerably, with earnings per share reaching 0.03 cents. This positive shift underscores the effectiveness of the company's cost management strategies and operational adjustments.

A key highlight of the results is the notable expansion in gross profit margin, which climbed from 44.0% in the corresponding period last year to 51.1%. This substantial improvement was primarily driven by reduced packaging material expenses and lower manufacturing costs. Additionally, the company benefited from cost savings achieved through the utilization of electricity generated by its rooftop solar panels, along with a decrease in rental payments, further bolstering overall profitability.