AuGroup SHENZHEN Cross-Border Business (2519) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 28.8% YoY to RMB7,220.6m, while profit for the period fell to RMB28.3m from RMB116.6m amid margin pressure, FX losses and operating losses in newer activities.

• Growth came from goods sales and logistics solutions; priorities include supply-chain resilience, brand development, AI deployment and overseas warehouse optimization.

Financial highlights

• Revenue was RMB7,220.6m, up 28.8% YoY; cost of sales rose 33.2% to RMB5,334.0m.

• Gross profit increased 17.7% to RMB1,886.6m; gross margin declined to 26.1% from 28.6%.

• Profit before tax was RMB29.7m versus RMB143.6m; profit for the period was RMB28.3m versus RMB116.6m.

• Profit attributable to owners was RMB40.9m versus RMB107.9m; basic and diluted EPS was RMB0.10 versus RMB0.26.

Outlook and guidance

• Priorities include global supply-chain optimization, brand building, logistics efficiency and digital empowerment; no numerical earnings guidance was stated.

• Plans include expanding overseas warehouses and regional distribution centers, using data-led scheduling, and improving delivery and after-sales service.

• AI deployment is expanding across demand forecasting, product design, content generation, operations, procurement and inventory management.