LANCANG TEA (06911) issued an announcement. The group is expected to achieve revenue of approximately RMB 155 million to RMB 170 million for the half-year of 2026, representing an increase of about 29.70% to 42.25% compared to the revenue of RMB 119.5 million for the six months ended June 30, 2025.

At the same time, it is expected to achieve a net profit attributable to the parent company of approximately RMB 1.5 million to RMB 3 million, achieving a turnaround from a net loss of RMB 29.17 million in the first half of 2025.

The board of directors believes that the main reasons for the revenue growth and the turnaround in net profit attributable to the parent company in the first half of 2026 are as follows:

(1) Reason for revenue growth: The company has adjusted its business strategy and product structure. During the reporting period, revenue increased across all channels, including online platforms, key accounts, and distributors.

(2) Reason for the turnaround: Alongside revenue growth, management reduced costs and expenses through efficiency-enhancing measures, resulting in a decrease in total expenses for the reporting period.