Zhongbai Group released its 2026 half-year report on August 26. First-half operating revenue was 3.586 billion yuan, down 22.4 percent year on year. Net loss attributable to the parent was 296 million yuan, widening from a loss of 255 million yuan in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 296 million yuan, compared with a loss of 229 million yuan a year earlier. Net operating cash flow was 119 million yuan, down 8.2 percent year on year. Earnings per share were negative 0.45 yuan. In the second quarter, operating revenue was 1.55 billion yuan, down 24.3 percent year on year. Net loss attributable to the parent was 199 million yuan, compared with a loss of 156 million yuan a year earlier. Net loss attributable to the parent after deducting non-recurring items was 198 million yuan, compared with a loss of 147 million yuan a year earlier. Earnings per share were negative 0.3029 yuan. As of the end of the second quarter, total assets were 8.041 billion yuan, down 4.8 percent from the end of the previous year. Net assets attributable to the parent were 525 million yuan, down 36.1 percent from the end of the previous year. In the first half, the company pushed ahead with loss control, completed adjustments to food-focused supermarkets and fine-tuned store operations, added several discount stores, and achieved a 9.11 percent year-on-year increase in comparable-store sales at community supermarket hard-discount stores, with customer traffic up 14.12 percent year on year. At the same time, the company advanced supply chain reform, implemented an integrated purchasing and sales mechanism, and worked with Hubei University of Chinese Medicine to develop medicine-food homology fresh food products, entering the broader health sector. Sales on its local lifestyle service platform Baobao Life grew 573 percent year on year, and users grew 737 percent year on year. The company also accelerated the disposal of non-core assets to revitalize assets and recover funds.
Zhongbai Holdings Group Co LtdFirst-half revenue fell 22.4% and net loss widened to 296 million yuan.
