VESON HLDG (01399.HK): Interim Turnover Up 16.1%, Turns to Profit of RMB 20.3 Million

NewTimeSpace · 2026/09/18 07:25 · By Xuran Lin

On 18 September 2026, VESON HLDG (01399.HK) published its 2026 interim report, reporting turnover of approximately RMB 2,763.1 million, up approximately 16.1% year on year, and a profit for the period of approximately RMB 20.3 million, reversing a loss of approximately RMB 18.9 million a year earlier.

Key Highlights:

Gross profit was approximately RMB 178.9 million with a gross profit margin of approximately 6.5% (first half of 2025: 7.5%), while EBITDA was approximately RMB 96.7 million, up approximately 65.9%.
The ODM business generated turnover of approximately RMB 2,606.8 million, representing approximately 94.3% of consolidated turnover, and mobile phone battery sales amounted to approximately RMB 1,817.2 million, or approximately 65.8%.
As at 30 June 2026, cash and cash equivalents were approximately RMB 72.2 million, outstanding borrowings were approximately RMB 1,157.3 million and the gearing ratio was approximately 102.5%; no interim dividend was declared for the reporting period.

NewTimeSpace News: On 18 September 2026, Veson Holdings Limited (stock code: 01399) published its 2026 interim report. For the six months ended 30 June 2026, the Group recorded consolidated turnover of approximately RMB 2,763.1 million, up approximately 16.1% year on year, and gross profit of approximately RMB 178.9 million, up approximately 0.3%, with a gross profit margin of approximately 6.5% (first half of 2025: 7.5%). The Group recorded a profit for the period of approximately RMB 20.3 million, compared with a loss of approximately RMB 18.9 million a year earlier, and a profit for the period attributable to owners of the Company of approximately RMB 21.3 million, with basic and diluted earnings per share of approximately RMB 1.96 cents. EBITDA was approximately RMB 96.7 million, up approximately 65.9% year on year.

By business segment, turnover of approximately RMB 2,606.8 million was generated from the ODM business, representing approximately 94.3% of the Group's consolidated turnover and an increase of 15.9%, while the bare battery cell business contributed approximately RMB 54.1 million, or approximately 2.0%, an increase of 13.4%. By major product, sales of mobile phone batteries amounted to approximately RMB 1,817.2 million, accounting for approximately 65.8% of consolidated turnover, while sales of tablet batteries, notebook batteries and power banks amounted to approximately RMB 340.1 million, RMB 112.7 million and RMB 115.5 million, representing approximately 12.3%, 4.1% and 4.2% respectively.

As at 30 June 2026, the Group had cash and cash equivalents of approximately RMB 72.2 million (31 December 2025: approximately RMB 187.8 million) and outstanding borrowings of approximately RMB 1,157.3 million, of which RMB 567.8 million will fall due within the next 12 months, with a gearing ratio of approximately 102.5% and a current ratio of approximately 1.4 times. No interim dividend was declared for the reporting period.

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