Maoye International (00848) announced interim results. Shareholders should have accounted for losses of 110 million yuan in year-on-year profit and loss

According to the Zhitong Finance App, Maoye International (00848) announced interim results for the six months ended June 30, 2026. The group achieved total operating revenue of 1,714 billion yuan, a year-on-year decrease of 16.02%; the company's shareholders should have accounted for a loss of 110 million yuan, and a profit of 258.22 million yuan for the same period last year; a loss of 2.14 points per share.

For the six months ended June 30, 2026, the Group's total sales proceeds and rental revenue were $2,136 billion, down 28.3% from the same period in 2025. Mainly affected by the macroeconomic environment, the retail department store industry as a whole is still bottoming out, the overall consumption momentum and consumer desire of residents have not fully recovered, and its subsidiary stores, Inner Mongolia Maoye Shidecheng Store and Qinhuangdao Modern Store, terminated the rental cooperation during the reporting period.