Cobaye Half-Year Revenue Rises, Net Profit Falls

According to news on September 1, recently, Kebaier released its semi-annual report for 2025. The report shows that during the first half of the year, Kebaier achieved an operating revenue of 234 million yuan, representing an increase of 8.93% compared to the same period last year. However, the net profit attributable to shareholders of the listed company was 13.3552 million yuan, a decrease of 38.20% compared to the same period last year.

During the reporting period, the continuous rise in downstream market demand provided strong support for Cobuyer's development, and the company's overall operating condition remained stable. Its advantageous products, including spray-free metal-like materials, food-grade antibacterial materials, halogen-free flame retardant materials, bio-based environmentally friendly materials, and toughened color masterbatches, all saw significant sales growth, thereby driving an increase in revenue scale. However, intensified market competition led to a decline in product prices. Meanwhile, the lag in the transmission of raw material costs resulted in the growth rate of operating costs exceeding that of operating income, causing a decline in gross profit margin. Furthermore, to better expand external business and enhance internal management, Cobuyer increased investment in talent team building, product promotion, and digital transformation. The combined effect of multiple factors ultimately led to a decrease in the company’s net profit.

According to the Color Masterbatch Industry Network, during the reporting period, Kebaier invested 9.2574 million yuan in research and development, which accounted for 3.95% of its operating income. Compared with the same period last year, this amount increased by 11.95%.

Kobailer, as a national high-tech enterprise, has long been focused on masterbatches, functional masterbatches, and innovative polymer modification materials, integrating research and development, production, and sales. Its products have a wide range of applications, covering many fields such as household appliances, daily consumer goods, and automotive parts. In terms of customer resources, the company has also achieved remarkable results, with major clients including well-known enterprises such as Sichuan Changhong, Midea Group, TCL, Whirlpool, and Hisense Group.