China First Capital Group Limited (FIRST CAP GP, 01269) released its unaudited interim results for the six months ended 30 June 2026.

• Top-line surge: Group revenue climbed 47.0% year-on-year to RMB 1.87 billion, powered by a 47.9% rise in automotive-parts sales to RMB 1.82 billion (97% of revenue). Financial-services income advanced 84.2% to RMB 21.0 million, while education management slipped 3.3% to RMB 28.9 million.

• Profitability under pressure: Gross profit expanded 15.1% to RMB 340.0 million, yet the gross margin contracted to 18.2% from 23.2% due to higher input costs. ECL provisions reached RMB 89.8 million, up 18.9 million.

• Bottom-line: Net loss narrowed slightly to RMB 38.66 million from RMB 41.14 million. Basic and diluted loss per share improved to RMB 0.01 versus RMB 0.04.

• Balance-sheet stress: Cash and bank balances fell 20.8% to RMB 232.5 million. Net current liabilities stood at RMB 2.37 billion. Total borrowings rose 5.0% to RMB 2.56 billion; 84% are current. Gearing was 252%, down from 279% at year-end.

• Convertible bonds: Outstanding principal of HK$700 million (RMB 1.16 billion) remains classified as current; maturity extension talks continue.

• Debt restructuring: A Restructuring Support Agreement with creditors was signed on 2 January 2026 to implement a Hong Kong scheme of arrangement. The Company targets court approval to convene a scheme meeting.

• Winding-up petition: Following substitutions in April and July 2026, the High Court has scheduled the petition hearing for 26 October 2026.

• Operations: Automotive parts supplied to SAIC, Chery, Geely and Changan; education division runs PGA international curriculum across major PRC cities; financial arm completed three IPO mandates and several advisory roles.

• No interim dividend declared.