ZhengTong Auto flags 17% wider H1 2026 net loss amid softer car sales and lower commission rebates

Bulletin Express

Yesterday

China ZhengTong Auto Services Holdings Limited announced a profit warning, projecting that group net loss for the six months ended 30 June 2026 will expand by about 17% versus the restated comparative period in 2025. Management attributes the larger deficit mainly to a fall in new-vehicle sales volumes and a downward reset of mortgage-related commission rebate rates.

The 2025 half-year figures will be retrospectively restated under merger accounting to reflect the acquisition of 100% stakes in Xiamen Xindeco ITG Automobile Group Co., Ltd. and ITG Auto (Thailand) Co., Ltd., both treated as business combinations under common control.

Despite the earnings pressure, the board cited ongoing strategic support from controlling shareholder Xiamen ITG Holdings Group Co., Ltd., stating that the group remains confident in its ability to adapt to industry changes and sustain operations.

The disclosed numbers stem from unaudited management accounts and may be adjusted. Official interim results are scheduled for release by end-August 2026.

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Management attributes the larger deficit mainly to a fall in new-vehicle sales volumes and a downward reset of mortgage-related commission rebate rates.</p>\n<p>The 2025 half-year figures will be retrospectively restated under merger accounting to reflect the acquisition of 100% stakes in Xiamen Xindeco ITG Automobile Group Co., Ltd. and ITG Auto (Thailand) Co., Ltd., both treated as business combinations under common control.</p>\n<p>Despite the earnings pressure, the board cited ongoing strategic support from controlling shareholder Xiamen ITG Holdings Group Co., Ltd., stating that the group remains confident in its ability to adapt to industry changes and sustain operations.</p>\n<p>The disclosed numbers stem from unaudited management accounts and may be adjusted. Official interim results are scheduled for release by end-August 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01728","symbol_name":"正通汽车","start_time":0,"source_url":"","article_id":"1180640688","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180640688","pubTimestamp":1787660840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China ZhengTong Auto Services Holdings Limited announced a profit warning, projecting that group net loss for the six months ended 30 June 2026 will expand by about 17% versus the restated...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01728":"正通汽车"},"translate_title":"由于汽车销售疲软和佣金回扣降低，正通汽车 2026 年上半年净亏损扩大 17%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01728":1},"content_text":"China ZhengTong Auto Services Holdings Limited announced a profit warning, projecting that group net loss for the six months ended 30 June 2026 will expand by about 17% versus the restated comparative period in 2025. 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