ZHONGSHENG HLDG (00881) announced its interim results with a total gross profit of 5.053 billion yuan, an increase of 20% year-on-year. The number of new energy stores reached 102, and comprehensive cooperation with the Geely Group and Huawei ecosystem has been fully implemented.

ZHONGSHENG HLDG (00881) released its interim results for the six months ending June 30, 2026, reporting total revenue of 63.022 billion yuan; gross profit of 5.053 billion yuan, a year-on-year increase of 20.0%; profit attributable to shareholders of 111 million yuan; and basic earnings per share of 0.047 yuan. In the face of a contracting market environment, Zhongsheng has continuously advanced structural adjustments of its brand stores, shutting down and transitioning 66 underperforming traditional brand stores, mainly focusing on mid to high-end brands, in the first half of the year. Meanwhile, the group is steadfastly executing its "central city" strategy, seizing opportunities to open new traditional brand stores in cities with potential, thereby consolidating its regional market dominance. Since May of this year, a new brand matrix has gradually taken shapeZhongsheng's collaboration with the Geely group has fully materialized, with 20 Lynk & Co stores, 17 Galaxy stores, and 1 Zeekr network store launched by the end of June, and dozens of Geely group stores still under preparation for opening. The partnership with the "Huawei" ecosystem has also resulted in 9 operational stores, with additional Yijuan stores under construction. Furthermore, Zhongsheng has launched 7 Lantu and 8 Leap Motor stores, both of which are competitive in the market. This series of new stores is expected to inject stronger growth momentum into the group's new car sales and profits in the second half of the year. Following these store adjustments, by the end of June 2026, the group operated a total of 461 branded dealerships, including 102 stores for new energy brands (including Hongmeng Zhixing, Qijing, Lantu, Zeekr, Lynk & Co, Geely Galaxy, Leap Motor, and others).