XXF Group (2473) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB761.3 million, down 1.0% year-over-year; gross profit was RMB222.1 million, down 3.8%; profit for the period was RMB17.4 million, down 22.7%.

• Adjusted net profit (non-IFRS) was RMB18.2 million, a 25.2% decrease year-over-year, mainly due to weaker end-user demand in the automobile retail and finance segment.

• The Group continued to optimize its business structure, increasing the proportion of new energy vehicles in its sales mix and expanding its international presence, especially in Central Asia and Hong Kong.

Financial highlights

• Revenue decreased by 1.0% to RMB761.3 million; gross profit margin remained stable at 29.2%.

• Profit before income tax fell 31.5% to RMB19.1 million; profit for the period dropped 22.7% to RMB17.4 million.

• Adjusted net profit (non-IFRS) was RMB18.2 million, down from RMB24.3 million.

• Selling and marketing expenses rose 4.1% to RMB60.2 million; administrative expenses fell 5.6% to RMB57.2 million.

• Finance cost, net, decreased by 6.6% to RMB81.1 million.

Outlook and guidance

• The Group will focus on expanding its sales and after-sales network in lower-tier cities and increasing the share of new energy vehicles in its portfolio.

• Plans to accelerate overseas business, especially in Central Asia, and further develop the car subscription model.

• Continued emphasis on cost control, digital transformation, and risk management to enhance operational efficiency.