Meidong Auto (01268) has released its interim results for the six months ended June 30, 2026, recording a revenue of RMB 7.378 billion, down 27.2% year-on-year.

The company's loss attributable to equity shareholders narrowed by 66.19% to RMB 275 million, with a basic loss per share of RMB 0.2046.

The group attributed the revenue decline to weak market demand, adjustments to its dealership network, and intensifying competition. Revenue from new passenger vehicle sales fell approximately 26.4% year-on-year, accounting for about 79.1% of total revenue, compared to 78.2% in the first half of 2025.

Revenue from after-sales and mortgage application services decreased roughly 30.2% year-on-year, representing about 20.9% of total revenue, versus 21.8% in the prior-year period. The decline was primarily driven by reduced demand for mortgage application services and lower commission rates during the period.