Tourover-W (09690) achieved revenue of about 8.778 billion yuan in the first half of the year, an increase of 11.4% year-on-year, and the number of stores reached 8825

According to the Zhitong Finance App, Tourover-W (09690) announced its 2026 interim results, with revenue of about 8.778 billion yuan, an increase of 11.4% over the previous year. Gross profit was approximately RMB 2,048 million, up 3.3% year on year; adjusted net profit was approximately RMB 240 million, and profit for the period was approximately RMB 184 million.

On the cost side, the Group's adjusted total operating expenses rate for the first half of 2026 was 22.8%, up 0.4 percentage points from the previous year. This increase is mainly due to the company's increased promotion investment in online third-party channels and incentives for offline stores, which increased the adjusted sales and marketing expenses rate by 0.4 percentage points to 13.2% year on year, which is also driving the rapid growth of new channel users and offline stores; in addition, the adjusted operating and support fee ratio increased 0.2 percentage points to 3.8% year on year in the context of the accelerated expansion of the store network; the adjusted general and administrative expenses ratio was optimized 0.2 percentage points to 1.8% year on year; the adjusted R&D expenses rate was still the same through effective cost control even with increased hardware investment The ratio remained flat at 4.0%, which initially reflected the efficiency improvements brought about by AI applications.

By the end of June 2026, the number of registered users of the company had grown to 175 million, an increase of 24.7 million over the previous year; in the past 12 months, the number of trading users reached 31 million, an increase of 17.2% over the previous year. As the largest car service platform in China, the company's user scale advantage was further expanded. At the same time as rapid growth, key indicators reflecting the quality of users continued to improve over the same period: the annual repurchase rate of users increased 0.7 percentage points to 65.2% year over year, and the share of revenue contributed by old users increased 1.6 percentage points to 66.1% year over year.

In the first half of the year, the company seized opportunities for structural changes in the industry and continued to accelerate the expansion of the national store network. By the end of June, the number of Tourover factory stores worldwide reached 8,825, a net increase of 817 in the first half of the year. The number of stores at the end of the period increased by about 22.5% compared to the end of June 2025, continuing the momentum of accelerated expansion since the second half of 2025. This also made the company a global car service chain system with the largest number of new stores through endogenous growth within 12 months.