CHERVON (02285) announced its interim results, with adjusted net profit of approximately $106 million, a year-on-year increase of 39.9%.

CHERVON (02285) announced its interim results for 2026, with revenue of approximately $1.029 billion, representing a year-on-year growth of 12.8%; the gross profit margin increased from 33.3% to 39.3%. During the period, profit was about $106 million, up 11.6% year-on-year; adjusted net profit was approximately $106 million, reflecting a year-on-year increase of 39.9%; the basic earnings per share were $0.21, with an interim dividend of HK$0.3258 per share. The announcement stated that the revenue growth was primarily due to the rapid expansion of the Original Brand Manufacture (OBM) business, as well as clients actively increasing inventory and replenishments to address the sustained demand in the end market. The gross profit margin rose by 600 basis points to 39.3%, reaching a record high, mainly due to (i) an increased proportion of high-margin OBM products (particularly the strong-performing EGO) in the sales mix, (ii) continuous improvements in operational efficiency, and (iii) the receipt of tariff refunds during the period.