Zhongju Investment (01959) issued a profit warning. It is expected that the comprehensive loss due to shareholders in the medium term will increase by about 21.8 million yuan over the same period last year

Zhitong Finance App News, Zhongju Investment (01959) announced that the Group expects to earn approximately RMB 426 million in revenue for the six months ending June 30, 2026, while revenue for the six months ended June 30, 2025 (same period last year) is approximately RMB 454 million. The Group expects to obtain a comprehensive loss attributable to the Company's owners of approximately RMB 21.8 million during the period, an increase of 36% over the total loss of approximately RMB 16 million attributable to the Company's owners in the same period last year.

The board of directors believes that the expected increase in losses after comprehensive tax during this period is mainly affected by the macroeconomic environment and the ongoing fierce price war in the automobile industry. The inversion of new car sales prices is the main factor causing losses; at the same time, the Group's optimization and adjustment of inefficient stores has also led to a decline in after-sales revenue and gross profit contribution.