Meidong Auto (01268) announced interim results. Shareholders' share loss of 275 million yuan narrowed 66.19% year over year

According to the Zhitong Finance App, Meidong Auto (01268) announced interim results for the six months ended June 30, 2026, with revenue of 7.378 billion yuan (RMB, same below), a year-on-year decrease of 27.2%; loss attributable to equity shareholders was 275 million yuan, a year-on-year decrease of 66.19%; and a basic loss of 20.46 points per share.

According to the announcement, the Group's earnings fell by about 27.2% year-on-year during the period. Among them, due to factors such as weak market demand, adjustment of the store network, and increased market competition, sales revenue of new passenger cars fell by about 26.4% year on year, accounting for about 79.1% of total revenue (first half of 2025: about 78.2%). Revenue from after-sales and mortgage application services decreased by about 30.2% year on year, accounting for about 20.9% of total revenue (first half of 2025: about 21.8%). The decline was mainly due to a decrease in demand for mortgage application services and commission rates during the period.