GL-Carlink Technology Holding Limited announced a profit warning for the six months ended 30 June 2026, indicating a sharp deterioration in financial performance compared with the same period in 2025.

Revenue is projected at approximately RMB240 million to RMB250 million, a year-on-year decline of about 17%–20%. The Group now expects a net loss attributable to equity shareholders of roughly RMB42.00 million to RMB45.00 million, reversing from a profit in the prior-year period and representing a downturn of 321%–336%.

Management attributed the weaker results to three factors: 1. Lower income from existing businesses amid intensified market competition and reduced new-vehicle sales. 2. Higher cost of sales stemming from increased spending on marketing, channel expansion and R&D in response to a challenging macroeconomic environment. 3. Slower customer payment cycles, which have driven up provisions for doubtful accounts.

The interim figures are based on unaudited management accounts. Finalized results are slated for release by end-August 2026. The company urged shareholders and potential investors to exercise caution when trading its shares.