Rantu Auto (07489) announced interim results with a loss of 389 million yuan, a year-on-year profit to loss

According to the Zhitong Finance App, Rantu Auto (07489) announced the results for the six months ended June 30, 2026. The group achieved revenue of RMB 18.159 billion during the period, an increase of 42.4% over the previous year; loss of 389 million yuan, which turned profit and loss over the period; and a basic loss of 0.11 yuan per share.

In the first half of 2026, the company focused on the 2026 “Year of High Quality Development, Quality Improvement and Efficiency”, adhering to the priority of management quality and collaborating to promote market expansion and management improvement. Faced with an external environment such as increased competition in the industry and pressure on the terminal market, the company's delivery scale continued to grow. At the same time, in response to factors such as rising raw material prices, we will continue to promote quality and efficiency throughout the value chain, strengthen cost control and cost optimization, and focus on improving operational efficiency and optimizing the cost structure. During the reporting period, 76,264 vehicles were delivered, up 35.9% year on year; total revenue was RMB 18.16 billion, an increase of 42.4% over the same period in 2025; and gross profit of RMB 3.22 billion, an increase of 17.7% over the same period in 2025. Affected by the rise in raw materials such as lithium carbonate and memory, the net loss in the first half of 2026 was RMB 390 million, down from the net profit obtained in the same period in 2025.