Zhong Ju Investment Group (formerly Centenary United Holdings) reported interim revenue of RMB 426.40 million for the six months ended 30 June 2026, a 6.1% decrease from the prior-year period. The contraction was driven chiefly by softer demand for new vehicles and lower contribution from repair, maintenance and ancillary services.

Gross profit held broadly steady at RMB 17.05 million versus RMB 17.41 million a year earlier, leaving gross margin unchanged at 4.0%. However, a 58.0% slide in other income and gains to RMB 9.51 million and only a partial offset from a 14.9% cut in selling, distribution and administrative expenses widened the Group’s loss. Loss attributable to shareholders rose to RMB 21.77 million from RMB 15.98 million, translating into a basic loss per share of RMB 4.11 cents (H1 2025: RMB 3.15 cents).

Segment performance • Motor-vehicle sales (new and used) generated RMB 291.63 million, down 2.4% year on year. Sales of new vehicles fell to RMB 287.20 million on deliveries of 2,666 units (H1 2025: 2,797 units), while used-car revenue was broadly flat at RMB 4.46 million on 301 units sold. • Integrated auto services—including repair, maintenance, parts, insurance agency, charging, leasing and ride-hailing—contributed RMB 134.74 million, a 13.4% decline. Repair services revenue slipped 9.7% to RMB 64.93 million, although gross margin for this segment remained resilient at 32.5%. Insurance agency income contracted 11.1% to RMB 45.01 million amid lower commission rates and premiums. New-energy-vehicle-related services, including charging stations and ride-hailing, posted revenue of RMB 18.00 million and incurred a gross loss of RMB 2.80 million.

Cost structure & cash flow Cost of sales decreased 6.3% to RMB 409.32 million, mirroring softer top-line trends. Finance costs fell 19.5% to RMB 2.40 million, reflecting lower average borrowings. Net operating cash inflow and working-capital management helped lift cash and cash equivalents to RMB 68.21 million at period-end (31 December 2025: RMB 40.70 million). Interest-bearing bank and other borrowings declined 24.0% to RMB 73.04 million, yet the net gearing ratio rose to 2.39× on reduced equity following the interim loss.

Dividends The board did not declare an interim dividend, consistent with the prior-year stance.

Corporate actions & post-period event Following a mandatory cash offer that closed on 10 February 2026, controlling shareholder MSINT LTD lifted its stake to 71.21%. On 8 July 2026, MSINT announced plans to pare its holding by up to 159.00 million shares (≤30% of share capital) over three months; it will retain control and the Company expects to maintain the minimum 25% public float.

Outlook Management plans to focus on cost optimisation, strengthen after-sales and used-car operations, and pursue new-energy-vehicle aftermarket opportunities to navigate ongoing industry consolidation and domestic demand headwinds.