2026 Semi-Annual Report: COSMO LADY (02298) Profit Increased by 5.9%, E-commerce GMV Grew by 69.6% Year-on-Year to 2.73 Billion.

COSMO LADY (02298) announced its mid-year results for 2026, with the company adhering to its national underwear strategy and achieving an overall improvement in profitability. In the first half of the year, revenue reached 1.267 billion yuan, with a gross margin of 51.4%, an increase of 5 percentage points year-on-year; the profit attributable to the owners of the company was 61.214 million yuan, representing a year-on-year increase of 5.9%. The company's e-commerce business performed remarkably, with e-commerce GMV reaching 2.73 billion yuan in the first half of the year, a significant year-on-year increase of 69.6%, and a three-year compound annual growth rate of approximately 141%. The rankings on mainstream platforms such as Tmall, JD.com, and Douyin saw notable improvements, with live-streaming e-commerce becoming an important growth driver. During the 618 event in the first half of the year, GMV contribution reached 570 million yuan, of which live-streaming contributed approximately 190 million yuan. During the reporting period, the company's expense management was notably effective, with operating expenses decreasing by 2.7% year-on-year. The group maintained a net cash position, and the inventory structure continued to optimize, with the proportion of old inventory declining and the proportion of new products increasing to 60%. The gross margin for the core intimate apparel business rose to 52.9%, with profits from the main business increasing by 19% year-on-year, laying a foundation for future development.