AUTOSTREETS Reports Interim Loss of RMB 16.5 Million, Reversing Year-Ago Profit

Stock News08-31 21:20

AUTOSTREETS (02443) has released its interim results for the six months ended June 30, 2026, recording a revenue of RMB 75.6 million, a year-on-year decrease of 46.7%.

The company posted a loss attributable to shareholders of RMB 16.5 million, contrasting with a profit of RMB 5.5 million in the same period last year, while the basic loss per share stood at RMB 0.02.

Where things stand: In the first half of 2026, the company undertook significant operational adjustments in response to drastic market shifts. Industry-wide auction transaction rates fell sharply, and the volume of vehicles consigned for auction declined due to lower new car sales. Additionally, closures of outlets by traditional upstream consignors became increasingly frequent, compelling AUTOSTREETS to implement countermeasures.

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