Xinfengtai Group (01771) announced interim results. Shareholders' share loss of 74.2 million yuan decreased by 13.3% year-on-year

According to the Zhitong Finance App, Xinfengtai Group (01771) announced interim results for the six months ended June 30, 2026, with revenue of 2,913 billion yuan (RMB, same below), down 20.1% year on year; loss due to company owners was 74.2 million yuan, a decrease of 13.3% year on year; basic loss per share was 0.12 yuan.

According to the announcement, revenue declined by 20.1% year-on-year during the period. The decline in revenue was mainly due to the Group's closure of some stores whose operating efficiency did not meet expectations in the previous year, and no corresponding store revenue was generated during this period, resulting in a year-on-year decline in overall revenue. Among them, new car sales revenue fell 21.5% year on year; after-sales service business revenue fell 13.5% year on year; and used car sales revenue fell 16.6% year on year.