MEIDONG AUTO (01268) released its interim results, reporting a loss attributable to shareholders of 275 million yuan, a year-on-year decrease of 66.19%.

MEIDONG AUTO (01268) announced its interim results for the six months ending June 30, 2026, with revenue of 7.378 billion yuan (RMB, the same below), a year-on-year decrease of 27.2%; loss attributable to equity shareholders of 275 million yuan, a year-on-year narrowing of 66.19%; basic loss per share was 20.46 cents. The announcement stated that the group's revenue decreased by approximately 27.2% year-on-year during the period. Among them, revenue from new passenger vehicle sales decreased by about 26.4% year-on-year due to factors such as weak market demand, adjustments to the store network, and intensified market competition, accounting for approximately 79.1% of total revenue (first half of 2025: about 78.2%). Revenue from after-sales and mortgage application services decreased by about 30.2% year-on-year, accounting for approximately 20.9% of total revenue (first half of 2025: about 21.8%). The decline was mainly due to a decrease in demand for mortgage application services and commission rates during the period.