Kuka Home H1 Revenue Up 0.75%, Net Profit Down 9.31%

According to data from the National Bureau of Statistics and the General Administration of Customs, China's furniture retail sales totaled RMB 86.97 billion in the first half of 2026, down 3.7% year on year, while cumulative exports of furniture and parts reached USD 33.761 billion, up 2.6%. Kuka Home announced that its first-half operating revenue reached RMB 9.875 billion, up 0.75% year on year, with net profit attributable to shareholders at RMB 926 million, down 9.31%.

Foreign trade revenue amounted to RMB 5.067 billion, up 19.01%. The company said its traditional OEM/ODM business maintained growth, while international mattress and cross-border e-commerce operations also expanded. Its overseas own-brand business model began pilot trials in Southeast Asia. By quarter, first-quarter revenue was RMB 5.033 billion, up 2.42% year on year, and second-quarter revenue was RMB 4.842 billion, down 0.92%. Net profit for the two quarters was RMB 496 million and RMB 429 million, down 4.39% and 14.39% respectively, with the second quarter under greater pressure.

Among other home furnishing companies, Henglin Co. reported first-half revenue of RMB 6.668 billion, up 24.70%, but net profit attributable to shareholders fell 33.07% to RMB 121 million, mainly due to exchange losses and a surge in selling expenses. Yongyi Co. , focused on export OEM business, controlled selling expenses well and posted year-on-year growth in both revenue and net profit. Suofeiya and Zhibang Home, mainly engaged in domestic custom furniture, both saw sharp declines in first-half revenue and net profit, with Zhibang posting losses for two consecutive quarters. Suofeiya's export business grew 108.11% year on year, but accounted for only 2.11% of total revenue. De Rucci maintained stable first-half revenue, while net profit attributable to shareholders fell 48.13%; overseas business revenue grew 22.69% but remained small, accounting for 5.37% of total revenue.