Beijing Sanfo Outdoor Products Co Ltd

Sanfo Outdoor announced that its wholly-owned subsidiary, Shanghai Feiwa Trading, has signed an exclusive distribution agreement with Odlo International AG, securing exclusive domestic distribution rights for the ODLO brand. The agreement takes effect on August 10, 2026, and remains valid until December 31, 2031, with an option to extend for five years if no objections are raised upon expiry. This partnership aligns with the company's brand operation strategy, helping to enrich its brand portfolio and expand diversified sales channels.

Yisheng Shares released its 2026 half-year report, with attributable net profit reaching 308 million yuan in the first half, up 4,897.29% year-on-year, and recurring attributable net profit of 307 million yuan, up 9,002.55%. The company's parent stock broiler sales volume and average selling price both rose sharply year-on-year, while the commercial chick business also achieved increases in both volume and price. Its breeding pig business sold a total of 73,557 breeding pigs, an increase of over 90% year-on-year. The company also announced a half-year profit distribution plan, proposing a cash dividend of 1.50 yuan per 10 shares to all shareholders, with a total expected payout of 211 million yuan, potentially setting a new record for the highest mid-term dividend since listing. With State Council approval, the General Administration of Sport released the first national-level special plan themed on building a sporting powerhouse, the National Sports Power Plan for the 15th Five-Year Period, setting five major development indicators including total sports industry output exceeding 7 trillion yuan by 2030. Among A-share listed companies in the sports industry chain, 15 have released half-year performance forecasts, with 5 projecting net profit growth. Sanfo Outdoor expects attributable net profit to rise 137.82% to 256.73% year-on-year in the first half, while Toread expects growth of 128.92% to 178.69%.

Sanfo Outdoor has released its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 40 million yuan and 60 million yuan, representing a year-on-year increase of 137.82% to 256.73%. Deducted non-recurring net profit is expected to be between 35 million yuan and 52.5 million yuan, up 127.92% to 241.88% year-on-year, with basic earnings per share ranging from 0.2419 yuan to 0.3628 yuan. The company is focusing on its core outdoor products business and adhering to a strategy of both proprietary brands and exclusive agency brands. Among them, the sports black technology brand X-BIONIC achieved rapid year-on-year revenue growth, while exclusively represented brands such as CRISPI and HOUDINI, as well as brands represented by Jiangsu Sanfo including LASPORTIVA and DANNER, all recorded strong sales performance, driving sustained improvement in revenue and profitability.