Maoye Commercial released its 2026 interim report, showing a net loss attributable to the parent of 188 million yuan in the first half, down 645.0% year on year. Operating revenue was 929 million yuan, down 26.4% year on year. Net loss attributable to the parent excluding non-recurring items was 122 million yuan, down 415.8% year on year. Net operating cash flow was 113 million yuan, down 57.5% year on year. In the second quarter, net profit attributable to the parent was a loss of 170 million yuan, down 939.9% year on year. The company said the loss was mainly due to a sharp decline in operating revenue, while it is advancing strategies such as transforming traditional department stores into shopping centres and shifting from joint operation to leasing.
Maoye Commercial Co LtdFirst-half net loss of 188 million yuan, down 645% year on year, with revenue down 26.4%.
