According to Zhitong Finance App News, Guanglian Technology Holdings (02531) announced that in the six months ending June 30, 2026, the Group expects to obtain: (i) revenue of approximately RMB 240 million to RMB 250 million, a decrease of about 17% to 20% compared with revenue for the six months ended June 30, 2025; (ii) loss for the period of approximately RMB 42 million to 45 million yuan, a decrease of about 321% to 336% of the profit for the current period due to equity shareholders of the company for the six months ended June 30, 2025.

The board of directors believes that the reduction in profit expectations that the company's equity shareholders should account for the current period is mainly due to: (i) the decline in the Group's revenue, mainly due to the fierce competition in the market environment and the decline in new car sales during the period; (ii) the increase in sales costs of the Group due to increased market promotion, channel expansion and R&D investment to cope with the continuing pressure on the macro-environment; (iii) the Group's overall financial arrangements, the repayment cycle was delayed, and preparations for bad accounts receivable increased. Due to the combined effects of the above reduction in revenue and the increase in sales costs, it is expected that the profit share of the company's equity shareholders in the current period will be reduced compared to the same period in 2025.

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