Auto Street (02443) Fa Ying Guang expects the net loss due to shareholders in the medium term to be no more than 15 million yuan year-on-year profit to loss

According to the Zhitong Finance App, Auto Street (02443) announced that the Group expects to record a net loss attributable to the company's equity holders of not more than RMB 15 million in the six months ending June 30, 2026, while a net profit of about RMB 12.8 million was recorded for the same period in 2025.

The Group is expected to record a net loss, mainly due to the weak domestic automobile consumer market and increased competition in the automobile industry, and some car dealers withdrew from the network or reduced their business scale, leading to a decrease in the Group's revenue and gross profit in the first half of 2026 compared to the same period in 2025. In order to cope with changes in the market environment, the Group will continue to promote the construction of a used car export platform and develop new auction models. Given that the relevant initiatives are in the promotion and development stage, the expected results are expected to gradually show from the second half of 2026.