Baidley Holdings (06909) issued a profit warning that the loss due to the company owner in the first half of the year did not exceed about 105 million yuan in profit and loss over the previous year

According to Zhitong Finance App News, Baidley Holdings (06909) announced that the group expects to obtain no more than 105 million yuan in losses attributable to company owners in the first half of 2026, compared to about 7.1 million yuan in profit due to company owners during the same period in 2025. The expected decline in profit is mainly due to the decline in automobile sales revenue due to the downturn in macroeconomic and market sentiment, which further led to a decline in gross profit and gross margin during the period.

Although the Group's automobile sales sector experienced operating losses due to the macroeconomic environment during this period, the Group's overall cash flow fundamentals remained strong and steady, and working capital reserves were sufficient. Compared with the same period in 2025, the revenue and gross margin of the after-sales service business remained stable during the period; as of June 30, 2026, the Group's cash and cash equivalent balance was not less than RMB 540 million. The net cash inflow from operating activities during the period was not less than RMB 230 million, and the main business continued to stabilize hematopoiesis. The Group's current assets can fully cover current liabilities and all long-term interest-bearing liabilities, and the pressure to repay short-term and long-term debt is manageable. Facing industry cycle fluctuations, the Group adheres to a prudent and conservative financial control strategy. Adequate cash reserves and continuous positive operating cash flow will provide solid underlying support for the Group's daily operations, continuous business development and payment of various maturing debts. The overall financial structure is safe and resilient to risks.