Bama Tea Co., Ltd. reported interim revenue of RMB1.40 billion for the six months ended 30 June 2026, up 31.8% year-on-year. Gross profit rose 30.3% to RMB0.77 billion, yielding a gross margin of 54.6% (-0.7 ppt).
Net profit attributable to shareholders advanced 65.3% to RMB0.20 billion, lifting basic and diluted EPS to RMB2.33 (up 47.5%). Profit before tax increased 64.2% to RMB0.27 billion, while income-tax expense expanded 62.6% to RMB0.07 billion.
Channel performance remained balanced. Offline sales contributed 63.2% of total revenue, rising to RMB0.89 billion. Online revenue climbed 36.1% to RMB0.51 billion, driven by stronger e-commerce, live-streaming, and instant retail initiatives; instant-retail GMV jumped 156% year-on-year. The store base reached 3,845 locations (up 7.2% versus 1H25), with 3,619 franchised and 226 self-operated outlets.
By product, tea-leaf sales accounted for 92% of total revenue, led by Oolong tea at RMB0.46 billion (+52.4%) and black tea at RMB0.28 billion (+37.8%). Non-tea products generated RMB0.11 billion, broadly stable year-on-year.
The gross margin contraction primarily reflected higher transport and warehousing expenses. Selling and marketing costs increased 19.6% to RMB0.40 billion due to intensified brand promotion, while administrative expenses rose 8.2% to RMB0.10 billion.
Total assets stood at RMB2.66 billion; cash and cash equivalents reached RMB1.08 billion, supporting ongoing capex of RMB40.28 million. The Group remains debt-free; leasing liabilities totalled RMB0.17 billion. Inventory edged up 1.6% to RMB0.59 billion.
Bama Tea plans to continue expanding its omni-channel presence, upgrade store formats, invest in intelligent manufacturing, and enhance its multi-brand portfolio. Management targets optimisation of product mix, further expansion into instant retail platforms, and deployment of additional smart factories over the next three to five years.
The Board declared an interim dividend of RMB1.20 per share, subject to shareholder approval at the 4 September 2026 EGM; payment will be based on the share register as of 16 September 2026. Post-period, the company repurchased 151,700 H-shares for HKD3.07 million, booking them as treasury stock.