Economic Observation Network Yanjiang Corporation (300658) has shown impressive performance in its 2026 semi annual report, with its stock price first falling and then stabilizing after disclosure. The difficulty of realizing its full year performance has attracted attention.

Performance and business situation:
The 2026 semi annual report disclosed on the evening of August 25th has three highlights worth paying attention to: revenue of 892 million yuan (+5.76%), net profit attributable to the parent company of 45.37 million yuan (+75.60%), non recurring net profit growth of 148%, gross profit margin increased from 15.35% to 18.74%, gross profit margin of perforated non-woven fabric reached 30.59%, and high-end product volume drove structural upgrading The four major bases (China+Egypt+United States+India) are steadily advancing, with a revenue of 109 million yuan from the US subsidiary. Egypt's hot air non-woven fabric has achieved profitability, and the localized supply capacity has formed a barrier Terminate the acquisition of integrated circuit materials in May, focus on the main business of hygiene materials, and simultaneously lay out new materials for adult care and cleaning care. The market for adult incontinence products is growing rapidly and has great development space In addition, the company has launched a mid-term dividend of 0.45 yuan per 10 shares.

Recent stock trends:
On the day of the release of the interim report (August 26), the stock price fell by 4.41%, but it continued to close red for the next two days (+1.87%,+1.35%), with the latest closing at 10.51 yuan. The market gradually stabilized after digesting the performance. The main force in terms of funds is still net outflow overall, but retail investors are taking over. From a technical perspective, the short-term support level is 10.05 and the pressure level is 11.24, currently operating above the support level.

Future Development:
The institution predicts a net profit of 135 million yuan for the whole year of 2026, which corresponds to a completion of 45.37 million yuan in the first half of the year. This means that nearly 90 million yuan will be earned in the second half of the year, and the difficulty of realization is not small. This expected difference is a key variable for the subsequent stock price.

The above content is based on publicly available information and does not constitute investment advice.