Zhongsheng reports 8.00 percent margin for Zhongsheng stock

Published on 10/25/2026 at 02:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit fell 89.10 percent to RMB 110.0 million on September 29, 2026. Zhongsheng stock posted RMB 63.02 billion revenue.

Interim report reshapes earnings picture

Zhongsheng's first-half profit fell 89.10 percent on September 29, 2026.
Gross margin improved to 8.00 percent in the six months ended June 30, 2026.
Revenue reached RMB 63.02 billion in the first half of 2026.

Zhongsheng, KYG9894K1085, Illustration mit AI erstellt.

Zhongsheng (KYG9894K1085) reported profit attributable to owners of RMB 110.0 million for the six months ended June 30, 2026, down 89.10 percent year over year, according to the Futunn report dated September 29, 2026. The result puts the company's dealership strategy under pressure even as gross margin improved.

Revenue pressure drives the reset

Revenue fell 18.50 percent year over year to RMB 63.02 billion in the first half of 2026. New-car sales revenue dropped 20.30 percent to RMB 46.19 billion, while vehicle volume declined 17.60 percent to 188,000 units, the interim report said.

Used-car revenue fell 28.40 percent to RMB 4.31 billion, and used-car volume dropped 35.90 percent. After-sales service offered a counterweight: revenue rose 0.80 percent to RMB 11.54 billion, while gross profit increased 2.70 percent.

What does the 8.00 percent margin mean?

The overall gross margin rose from 5.40 percent to 8.00 percent in the first half of 2026, according to Futunn. The improvement came from narrower new-car sales losses and better after-sales performance, but it did not offset the profit decline.

Management also reported that 66 inefficient traditional-brand dealerships were closed, suspended, or converted during the first half. Zhongsheng aims to operate 300 new-energy-vehicle dealerships by the end of 2026, with those brands targeted to reach 35.00 percent of monthly sales in December.

Stock context after the report

The figures show a split operating picture: vehicle sales weakened sharply, while after-sales services and margin management provided measurable support. The company also said it would not recommend an interim dividend, leaving earnings recovery and the new-energy dealership rollout as the clearest near-term indicators.

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