OLO Home(SH:603326) Huan Qiu Wang·2025-08-28 10:09Core Insights - IYI Home achieved a revenue of 669 million RMB in the first half of 2025, marking a year-on-year growth of 1.8% and a net profit attributable to shareholders of 92.31 million RMB, which represents a significant increase of 103.18% compared to the previous year [1][2]. Financial Performance - Revenue for the reporting period (January to June) was 669,175,449.09 RMB, compared to 657,369,418.87 RMB in the same period last year, reflecting a growth of 1.80% [2]. - Total profit for the period was 109,856,576.58 RMB, up 78.11% from 61,677,425.65 RMB year-on-year [2]. - The net profit attributable to shareholders was 92,310,115.33 RMB, a substantial increase from 45,433,555.64 RMB, indicating a growth of 103.18% [2]. - The net profit after deducting non-recurring gains and losses was 75,888,787.00 RMB, which is a 201.73% increase from 25,151,247.01 RMB in the previous year [2]. - The net cash flow from operating activities was -74,579,509.22 RMB, a decline compared to 26,955,783.88 RMB in the same period last year, representing a decrease of 376.67% [2]. - As of the end of the reporting period, the net assets attributable to shareholders were 1,148,929,021.36 RMB, down 5.49% from 1,215,722,196.03 RMB at the end of the previous year [2]. - Total assets were reported at 2,092,557,016.30 RMB, a decrease of 16.35% from 2,501,670,016.59 RMB [2]. Business Strategy - The company is focusing on channel development, with initiatives such as the "Thousand Square Meter Store Plan" for dealer business, enhanced resource allocation for recruitment, and tiered management in core cities to achieve growth in both store numbers and scale [1]. - For direct sales, IYI Home is concentrating on three key cities: Nanjing, Shanghai, and Jinan, continuing to expand its flagship store layout to strengthen brand influence and regional market presence [1]. - The company is actively implementing a business transformation strategy for bulk sales, leveraging the influence of brand stores to establish various project types in multiple regions, thereby solidifying its development foundation [1]. - IYI Home maintains a differentiated positioning in the mid-to-high-end brand market, focusing on product leadership, brand upgrades, and channel expansion as its strategic priorities, with an emphasis on "design-driven, technology-enabled, and service-upgraded" approaches to optimize channel structure and enhance retail capabilities [1].