Shirble Store Reports 1H 2026 Revenue of RMB 92.50 Million and Net Loss of RMB 3.26 Million Amid Higher Costs

Bulletin Express
Sep 29

Shirble Store (formally Shirble Department Store Holdings (China) Limited) released its unaudited interim results for the six months ended 30 June 2026 (1H 2026).

Revenue and Profitability • Group revenue slipped 0.5 % year on year to RMB 92.50 million, reflecting steady but subdued sales levels. • The Group recorded an operating profit of RMB 17.43 million; however, finance costs of RMB 19.57 million and fair-value losses of RMB 38.51 million on investment properties dragged pre-tax earnings to a loss of RMB 0.74 million. • Net loss attributable to shareholders widened slightly to RMB 3.26 million, versus RMB 3.01 million a year earlier. • Basic and diluted loss per share remained unchanged at RMB 0.001.

Segment Review • Department-store operations generated RMB 92.50 million in revenue and RMB 23.80 million operating profit. • Other activities, comprising property‐related items and head-office costs, produced a RMB 6.37 million operating loss after the absence of last year’s one-off disposal gain.

Balance Sheet and Liquidity • Total assets amounted to RMB 1.54 billion, while total equity stood at RMB 655.52 million. • Total borrowings declined 3.60 % since year-end to RMB 280.33 million; net gearing edged down to 42.8 %. • Cash and bank deposits increased 24.0 % to RMB 42.27 million, supported by RMB 51.35 million net operating inflow. • The Group continued to report net current liabilities of RMB 227.00 million.

Operational Footprint As of 30 June 2026, Shirble Store operated or managed 12 department stores—seven in Shenzhen, three in Shanwei, one in Meizhou and one in Changsha—covering 213,284 sq.m of gross floor area, with 43.3 % situated in self-owned properties.

Capital Expenditure and Commitments Capital commitments for property, plant and equipment stood at RMB 1.66 million. No material acquisitions or disposals of subsidiaries occurred during the period.

Dividend The Board did not declare an interim dividend for 1H 2026.

Governance and Legal Matters The Group reported that overdue consultancy fees owed by Shenzhen Shengrunfeng Investment & Development Co., Ltd. remained outstanding at RMB 347.40 million plus interest. Full impairment had already been recognised in prior years, and the Board stated that the outstanding balance poses no further impact on current operations. No new contingent liabilities were recognised as of 30 June 2026.

Outlook Management expects China’s retail environment to recover gradually and plans to enhance cost optimisation, digital engagement and community-focused marketing to support long-term growth and profitability.

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