MAOYE INT'L (00848) announced its interim results, reporting a net loss attributable to shareholders of 110 million yuan, a reversal from profit to loss compared to the same period last year.

MAOYE INT'L (00848) released its interim results for the six months ended June 30, 2026, reporting total operating revenue of 1.714 billion yuan, a decrease of 16.02% year-on-year; the loss attributable to shareholders was 110 million yuan, compared to a profit of 25.822 million yuan in the same period last year; and the loss per share was 2.14 cents. For the six months ended June 30, 2026, the group's total sales proceeds and rental income amounted to 2.136 billion yuan, down 28.3% compared to the same period in 2025. This decline was mainly due to macroeconomic factors, as the retail department store industry is still in a bottoming-out phase, with overall consumer spending momentum and willingness yet to fully recover. Additionally, during the reporting period, the leases at the Inner Mongolia Maoye Times City store and the Qinhuangdao Modern store were terminated.