XXF Group (2473) investor relations material

Executive summary

• Revenue for H1 2026 was RMB761.3 million, down 1.0% year-over-year; gross profit was RMB222.1 million, down 3.8%; net profit 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 company expanded its sales and after-sales network, reaching 111 outlets and over 8,000 partner service outlets.

• The Group increased the proportion of new energy vehicles in its sales mix, with new energy vehicles accounting for 32.7% of new car sales, up from 13.4% a year ago.

• The Group expanded its international presence, especially in Central Asia and Hong Kong.

Financial highlights

• Revenue: RMB761.3 million (down 1.0% YoY); gross profit: RMB222.1 million (down 3.8% YoY); gross margin: 29.2%.

• Net profit: RMB17.4 million (down 22.7% YoY); EPS: 1.07 RMB cents basic, 1.02 RMB cents diluted.

• Adjusted net profit: RMB18.2 million (down 25.2% YoY).

• Net current assets: RMB531.6 million (up from RMB366.6 million at end-2025).

• Gearing ratio decreased to 65.7% from 73.4% at end-2025.

Outlook and guidance

• Focus on expanding network in lower-tier cities and strengthening after-sales service.

• Plan to increase the share of new energy vehicles in the product portfolio and leasing assets.

• Continued emphasis on cost control, efficiency, digital transformation, and technology-driven management.

• Ongoing expansion of overseas business, especially in Central Asia and through Hong Kong subsidiary, and further development of the car subscription model.