Youbao Online (02429) announced interim results. The adjusted net loss of 669.41 million yuan increased 119.1% year-on-year

According to the Zhitong Finance App, Youbao Online (02429) announced interim results for the six months ended June 30, 2026. The group achieved revenue of 1,284 billion yuan, a year-on-year decrease of 1.4%; an adjusted net loss of 669.41 million yuan, an increase of 119.1% over the previous year; and a loss of 0.06 yuan per share.

During the reporting period, the Group's loss was approximately $67.3 million, an increase of about 78.8% over the loss of approximately $37.6 million for the six months ended June 30, 2025. This increase is mainly due to an increase in net exchange losses and a shift from expected credit losses in financial assets during the same period in 2025 to expected credit losses accruing to financial assets.