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Zall Smart Commerce Group (2098) investor relations material
Zall Smart Commerce Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the six months ended 30 June 2026 was RMB36,905.1 million, down 59.4% year-over-year, mainly due to a strategic reduction in low-margin supply chain management and trading business.
Net loss attributable to equity shareholders was RMB1,149.2 million, compared to a profit of RMB97.1 million in the prior year period.
Gross profit margin improved to 0.6% from 0.3% year-over-year, reflecting a focus on higher-value business.
No interim dividend was declared for the period.
Financial highlights
Revenue: RMB36,905.1 million (down 59.4% YoY).
Gross profit: RMB223.1 million (down 19.6% YoY).
Net loss: RMB1,202.9 million (vs. net profit of RMB70.0 million YoY).
Basic and diluted loss per share: RMB9.27 cents (vs. earnings of RMB0.78 cents YoY).
Net valuation loss on investment properties: RMB1,135.8 million (vs. gain of RMB305.7 million YoY).
Finance costs increased 20.8% to RMB354.8 million; finance income decreased 34.0% to RMB82.8 million.
Outlook and guidance
The group will focus on technological innovation, digital transformation, and industrial upgrading, aiming to enhance operational efficiency and core competitiveness.
Plans to expand digital services, strengthen vertical sectors, and collaborate with ecosystem partners for high-quality growth.
- Net profit rose 8.8% to RMB101.6 million despite a 4.5% revenue decline and liquidity challenges.2098
H2 2025 - Revenue up 24.3% to RMB68.3B, net profit up 9.7%, but gross margin and liquidity risks increased.2098
H1 2024 - Revenue up 29.6% to RMB162.4B, but going concern risk flagged due to high net liabilities.2098
H2 2024 - Revenue up 33.2% and net profit up 71.7%, but gross margin and liquidity remain pressured.2098
H1 2025
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