China's Yongda H1 revenue falls on weak vehicle sales

China Yongda Automobiles Services Holdings

31/08/2026 09:55

Overview
China auto dealership's H1 revenue fell 23% yr/yr amid weak new vehicle sales
Net profit attributable to owners declined from last year but improved from prior half
Company cites intense price competition and weak consumer demand as key challenges

Outlook
Group will proactively consolidate its core vehicle sales and services business
Group will promote the commercial application services of embodied intelligence in a
phased manner and cultivate new business increments

Result Drivers
WEAK NEW VEHICLE SALES - Co said revenue decline was mainly due to significant drop in new vehicle sales of traditional fuel vehicle brands
INTENSE PRICE COMPETITION - Co cited fierce price competition and consumer wait-and-see attitude as factors pressuring sales and profit per vehicle
COST CONTROL MEASURES - Co reduced selling, administrative and finance expenses by 14% yr/yr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 20.85 bln
 
H1 Net Income Attributable
 
RMB 27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."
Wall Street's median 12-month price target for China Yongda Automobiles Services Holdings Ltd is HK$1.65, about 96.4% above its August 28 closing price of HK$0.84
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 31 - Chinese auto dealership Zhongsheng's H1 revenue, profit drop on weak demand
Aug 28 - China's BAIC Motor H1 revenue falls, posts net loss; hurt by price competition and lower sales
Aug 28 - BYD posts first quarterly profit rise in over a year, but misses estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-31/1d5ca32c-318d-4a75-9dad-9de62aea9199.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)