Lafang Home Chemical Co., Ltd. (Lafang Home Chemical) experienced a decline in operating income and net profit attributable to shareholders of listed companies in 2025. In particular, the net profit attributable to shareholders of listed companies turned from profit to loss, down 175.31% year-on-year. This marks the first time the company has incurred a loss since its listing nine years ago.
According to the “2025 Annual Report” recently released by Lafang Home Chemical, the operating income was 818,305,201.18 yuan, down by 7.92% year-on-year; the total profit was -14,138,363.49 yuan, down by 130.33% year-on-year; the net profit attributable to shareholders of listed companies was -31,154,170.30 yuan, down by 175.31% year-on-year; and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was -39,033,395.89 yuan, down by 197.33% year-on-year.
Furthermore, in 2025, the net cash flow from operating activities decreased by 55.06% compared to the previous year.
This is the first time that Lafang Home Chemical has reported an annual net profit attributable to shareholders loss since its A-share listing in 2017.
The report explained the reasons for the loss, stating: “In 2025, the washing and care market has been moving towards subdivided competition, with intense competition from international brands, the rise of emerging domestic brands, industry competition, and significant market pressure.” Traditional offline distribution channels continue to shrink, while the online layout is slow, unable to effectively fill the revenue gap from offline sales. Additionally, facing intense market competition, the company increased its brand promotion and e-commerce investment efforts, with sales expenses growing by 6.15% year-on-year. This further squeezed profit margins against the backdrop of declining revenue.
Public data shows that Lafang Home Chemical Co., Ltd. was formerly known as Shantou Economic Special Zone Panda Industry Company, founded in 1992. It was renamed Lafang Home Chemical Co., Ltd. in 2012 and is headquartered in Shantou City, China. The company was listed on the Shanghai Stock Exchange on March 13, 2017, and is mainly engaged in the research, development, production, and sales of cosmetics and personal care products. Its brands include Lafang, Yujie, and Meiduosi, covering areas such as hair care, cleaning and bathing, and skin care.
As of the A-share closing on April 30th, Lafang Home Chemical’s stock price was reported at 16.62 yuan per share, down by 1.48%, with a total market value of 5.085 billion yuan.