Yingguan Dental Technology 2026H1: Revenue of RMB 18 million, down 8.26%, with Beijing region’s main business revenue share rising to 96.60%.

Source: Yingguan Dental 2026 Semi-Annual Report

DentalGoodNews｜Beijing Yingguan Dental Technology Co.,Ltd. (hereinafter referred to as "Yingguan Dental Technology") released its 2026 semi-annual report on August 18, 2026. During the reporting period, the company achieved operating revenue of RMB 18.0038 million, a year-on-year decrease of 8.26%; net profit attributable to shareholders of the listed company was RMB 4.0004 million, a year-on-year decrease of 13.39%. The report noted that the year-on-year decline in operating revenue was mainly due to intensified competition in the downstream market, price reductions on certain products, and reduced order volumes from some customers.

The report shows that Yingguan Dental Technology's gross margin for the first half of the year was 43.01%, down 1.48 percentage points from 44.49% in the same period last year. The slight decline in gross margin was driven by two factors: on one hand, the decline in revenue outpaced the decline in costs; on the other hand, changes in product sales mix led to a higher proportion of low-margin products in total sales.

Source: Yingguan Dental 2026 Semi-Annual Report

By business segment, Yingguan Dental Technology's main products are categorized into fixed and removable types. Among fixed products, revenue from conventional porcelain-fused-to-metal restorations was RMB 9.3698 million, accounting for 52.04%; revenue from titanium crown porcelain was RMB 638,600. Among removable products, revenue from cast metal frameworks was RMB 5.2675 million, accounting for 29.26%.

In addition, according to previous reports by DENTALGOODNEWS (Leading Dental Industry Media, DGN), Yingguan Dental Technology's 2025 annual report showed that its business was highly concentrated in the Beijing region, contributing 95.47% of total revenue. During this reporting period, this trend further intensified, with main business revenue from the Beijing region rising to 96.60% in the first half of 2026. Yingguan Dental Technology noted in the report that excessive geographic concentration has to some extent hindered further market share expansion, and if regional competition intensifies, the company's ability to sustain operations will face challenges.

Source: Yingguan Dental 2026 Semi-Annual Report

In terms of financial position, as of June 30, 2026, the company's total assets stood at RMB 57.2716 million. Among these, the net book value of accounts receivable was RMB 16.1292 million, accounting for 28.16% of total assets. Affected by the aging of accounts receivable and collection conditions from certain customers, the credit impairment losses recognized by the company during this period increased by 89.22% year-on-year, expanding from RMB 407,900 in the same period last year to RMB 771,800.

In terms of capital position, the company's monetary fund balance at the end of this reporting period was RMB 18.2875 million, an increase of RMB 3.9344 million from the end of the previous year, representing a growth of 27.41%. The increase in funds mainly came from policy subsidies and tax rebates: during this period, the company received RMB 441,300 in subsidies for disabled employee positions and social insurance, and RMB 2.6157 million in VAT refunds for immediate collection and refund, with these two items together accounting for 77.70% of the increase in monetary funds, representing one of the key factors driving capital growth.

In terms of cash flow, the net cash flow from operating activities during this period was RMB 5.1501 million, a year-on-year increase of 1.64%. Through optimized procurement and inventory management, the company's ending inventory balance decreased to RMB 6.9227 million, with reductions in both raw materials and goods in transit.

In addition, Yingguan Dental Technology approved the 2025 annual profit distribution plan at a meeting on June 15, 2026, based on the existing total share capital of 6,111,200 shares, distributing a cash dividend of RMB 15.00 per 10 shares (tax inclusive), totaling RMB 9.1668 million in dividends. This dividend payable led to a significant increase in other payables at the end of the period.