CHANGJIU HLDGS (06959) has released its interim results for 2026, reporting revenue of approximately RMB 493 million, a year-on-year decrease of 29.3%. Gross profit came in at around RMB 150 million, down 1.6% from the prior corresponding period.

Net profit attributable to shareholders stood at RMB 24.1 million, reflecting a sharp decline of 64.1% compared with the same period last year. Basic earnings per share were RMB 0.1192.

Key driver behind the revenue decline

The company attributed the drop in revenue primarily to adjustments in national automobile subsidy policies, which led to reduced vehicle sales. This, in turn, lowered income generated from new automobile circulation services.