Changan Minsheng Logistics (01292) Fa Ying Police expects net profit to be reduced by about 39.73% to 51.78% year-on-year in the first half of the year

According to Zhitong Finance App, Changan Minsheng Logistics (01292) announced that the company is expected to obtain operating income of about RMB 4.45 billion to RMB 4.6 billion for the six months ending June 30, 2026, an increase of about 6.89% to 10.50% over the same period in 2025; net profit attributable to the company's equity holders for the six-month period ending June 30, 2026 is approximately RMB 20 million to RMB 25 million, a decrease of about 39.73% to 51.78% over the same period in 2025.

The board of directors believes that the net profit attributable to the company's equity holders for the six-month period ending June 30, 2026 fell sharply compared to the same period last year, mainly due to changes in the business structure of major customers, a decline in domestic market business volume and an increase in export business volume, which caused the Group's high profit margin to decline in domestic automobile transportation and parts warehousing, logistics and distribution business, which in turn led to a decline in the Group's overall gross margin.