Chongqing Department Store Group released a preliminary earnings report, showing net profit attributable to the parent company of 446 million yuan in the first half of 2026, a sharp year-on-year decline of 42.33 percent. The company achieved operating revenue of 7.587 billion yuan in the same period, down 5.65 percent year-on-year, while recurring net profit was 472 million yuan, down 34.51 percent year-on-year. The company explained that the retail industry is facing dual pressures from transformation and upgrading as well as existing competition, with market effective demand recovering slowly. Meanwhile, investment income fell 68.25 percent year-on-year, mainly due to a significant decline in the fair value of securities investments held and a drop in profits of associated companies. Excluding investment income and non-recurring items, net profit attributable to the parent company in the second quarter rose 12.41 percent year-on-year, and net cash flow from operating activities increased by over 50 percent year-on-year.
Chongqing Department Store Co LtdNet profit attributable to parent plunged 42.33% year-on-year, with operating revenue down 5.65% and recurring net profit down 34.51%.