Central Shopping Mall (600280.SH) issued a forecast loss. The net loss for half a year is estimated to be 25 million yuan to 37.5 million yuan

Zhitong Finance App News, Central Shopping Mall (600280.SH) issued an announcement. The company expects a loss in operating results for the first half year of 2026, resulting in a loss of 25 million yuan to 37.5 million yuan in net profit attributable to shareholders of listed companies.

During the reporting period, the pace of consumption recovery fell short of expectations. Consumer confidence and the overall willingness of offline entities to spend were weak, mass consumption became more conservative and rational, in-store traffic and customer unit prices weakened simultaneously, the sales scale of the company's department stores continued to be under pressure, and the scale of sector revenue contracted; at the same time, homogenized competition in the retail industry became increasingly heated, and new business formats such as online e-commerce platforms, community instant retail, and live streaming continued to seize consumer market share. Multiple channels and long-term offline physical customer flows continued to reduce traditional department store business space. It further dragged down the year-on-year decline in the department store sector's revenue.