Meiwu Technology management commentary attributes H1 2026 revenue growth of 96% to functional skincare sales

Bitget2026/11/04 22:06

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Meiwu Technology's management commentary reported a first-half 2026 net loss of USD 15.85 million versus USD 1.36 million a year earlier.
Revenue rose 96% to USD 4.87 million, driven mainly by Xiamen Chunshang's functional skincare product sales, according to management.
Sales and marketing expenses surged 1,363% to USD 11.74 million, reflecting increased skincare promotion spending and sales personnel costs.
Research and development expenses reached USD 3.51 million as MOBO app development increased research personnel costs.
Operating cash outflows totaled USD 17.19 million, while financing activities generated USD 58.83 million, primarily through equity offerings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meiwu Technology Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-049962), on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Meiwu Technology management commentary attributes H1 2026 revenue growth of 96% to functional skincare sales

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