Zhongsheng 1H FY26 profit attributable to owners drops 89.1% to RMB 110.6 million; revenue falls 18.5% to RMB 63.02 billion
XLY•Sales and store network
New vehicle sales volume dropped 17.6% to 188,463 units; store count ended June at 461, including 102 NEV-brand outlets.
Margins and operating drivers
Gross profit rose 20.0% to RMB 5.05 billion, helped by after-sales services gross profit up 2.7% to RMB 5.59 billion.
Commission income sank 78.7% to RMB 392.4 million, citing last year’s clampdown on “high-interest, high-rebate” financial products.
1H FY26 results
Zhongsheng Group posted revenue of RMB 63.02 billion, down 18.5% year over year.
Profit attributable to owners fell 89.1% to RMB 110.6 million; basic earnings per share slid 89.0% to RMB 0.047.
