Zhongsheng reported RMB 110 million profit: Zhongsheng stock sits 0.86 percent above its low

Published on 10/13/2026 at 04:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit fell 89.10 percent to RMB 110 million. Zhongsheng stock stood 0.86 percent above its 52-week low on October 13, 2026.

Key points in brief

Zhongsheng reported RMB 110 million in first-half profit, down 89.10 percent year over year.
Revenue fell 18.50 percent to RMB 63.02 billion for the six months ended June 30, 2026.
After-sales revenue rose 0.80 percent while new-car revenue declined 20.30 percent.
The last Lang & Schwarz quote was EUR 0.27 on October 12, 2026.

Zhongsheng, KYG9894K1085, Illustration mit AI erstellt.

Zhongsheng reported RMB 110 million in profit attributable to owners for the six months ended June 30, 2026, down 89.10 percent from the same period a year earlier. The result came as revenue fell 18.50 percent to RMB 63.02 billion, according to Futubull on September 29, 2026. Zhongsheng stock stood 0.86 percent above its 52-week low on October 13, 2026.

What changed in the first half?

The earnings decline was concentrated in vehicle sales. New-car revenue fell 20.30 percent year over year to RMB 46.19 billion, while sales volume declined 17.60 percent to 188,000 vehicles, the interim report said.

Used-car revenue dropped 28.40 percent to RMB 4.31 billion, and used-car volume fell 35.90 percent. The pressure reflects weaker demand and intense price competition in China's vehicle market, factors that can weigh on both sales and margins.

After-sales service provides support

After-sales revenue increased 0.80 percent to RMB 11.54 billion, while gross profit in that business rose 2.70 percent. The group's overall gross margin improved from 5.40 percent to 8.00 percent, helped by narrower losses in new-car sales and improved after-sales profitability.

The operating mix therefore matters more than the headline revenue decline. A growing service contribution can cushion vehicle-sales volatility, but the 89.10 percent profit decline shows that the improvement has not yet offset weaker demand across the dealership network.

Expansion meets a weaker market

Zhongsheng closed, suspended or converted 66 inefficient traditional-brand dealerships during the first half, while expanding its new-energy vehicle portfolio. Management aims to operate 300 new-energy dealerships by the end of 2026 and targets a 35.00 percent new-energy sales share in December, according to Futubull.

The strategy offers a measurable counterweight to the near-term earnings pressure, but it also adds execution risk while consumer demand remains subdued. Zhongsheng operates vehicle dealerships and after-sales services in China, with the automotive retail model exposed to manufacturer pricing, financing conditions and household spending.

Stock stays near its yearly low

The last quote from Lang & Schwarz stood at EUR 0.27 on October 12, 2026 at 10:58 p.m. CEST. On the Hong Kong Stock Exchange, Zhongsheng stock was at HKD 2.33 on October 13, 2026, versus a 52-week range of HKD 2.31 to HKD 14.06; its market capitalization was HKD 5.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Zhongsheng stock.