Zall Smart Commerce expects RMB 1.2 billion interim net loss, swings from profit warning

• Zall Smart Commerce flagged an expected net loss of about RMB 1.2 billion for the six months ended June 30, 2026.
• That compares with net profit of about RMB 70 million a year earlier.
• Outlook driven by expected net valuation loss on investment properties of about RMB 1.1 billion versus a RMB 306 million gain.
• Lower expected occupancy rates, shorter income period weighed on fair-value changes despite gains on properties shifted to rentals.
• Supply chain management and trading revenue expected to fall about 60%, reflecting a shift away from low-margin business; gross margin seen improving.

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. Zall Smart Commerce Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260821-12293757), on August 21, 2026, and is solely responsible for the information contained therein.