EDA Group reported interim revenue of RMB 1.05 billion for the six months ended 30 June 2026, up 14.3% year-on-year. Last-mile fulfilment remained the core driver, contributing RMB 997.61 million, a 17.3% increase and accounting for 95.0% of total revenue. First-mile international freight revenue fell 24.0% to RMB 51.97 million.
\n\nGross profit declined 28.1% to RMB 67.85 million, pushing gross margin down to 6.5% from 10.3% a year earlier. The Group recorded a net loss of RMB 42.16 million versus a RMB 19.30 million profit in the prior-year period, mainly due to intensified pricing competition, higher costs from new self-operated warehouses and foreign-exchange losses of RMB 19.00 million.
\n\nAdjusted EBITDA dropped 24.7% to RMB 74.99 million. Adjusted net loss (excluding share-based payments) was RMB 41.14 million, compared with an adjusted net profit of RMB 22.17 million in 2025.
\n\nOperating Metrics • Last-mile order volume rose to 7.9 million, up from 6.5 million • First-mile ocean freight volume fell to 2,045 FEU from 2,509 FEU • Core clients (≥ RMB 1.5 million revenue) increased to 125 from 109, generating RMB 885.14 million in sales
\n\nNetwork Expansion As of 30 June 2026 the Group operated 49 overseas warehouses across the United States, Canada, the United Kingdom, Germany and Australia, totaling over 600,000 square metres. During the period, EDA leased a 42,000 square-metre facility in New Jersey and advanced an RMB 80.00 million land-acquisition and warehouse project in Indonesia.
\n\nFinancial Position Total assets reached RMB 2.42 billion, while total equity stood at RMB 480.74 million. Cash and bank deposits were RMB 346.15 million, with an additional RMB 30.56 million in pledged deposits. Borrowings rose to RMB 370.92 million and lease liabilities to RMB 1.37 billion, bringing the gearing ratio to 77.2%. The current ratio was 1.1.
\n\nSubsequent Events • July 2026: A ten-year lease for a UK warehouse in West Midlands was signed; the right-of-use asset is valued at approximately GBP 18.80 million. • September 2026: The Group entered a Canadian sublease and a German lease, adding facilities in Surrey and Dortmund with combined right-of-use assets of about RMB 110.2 million.
\n\nOutlook Management reaffirms its strategy to become a “global AI logistics technology services group,” citing planned AI integration, further overseas-warehouse expansion, and targeted mergers and acquisitions to drive sustainable growth.
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