Zhenro Services Reports Wider First-Half Loss as Revenue Slips

Stock News
Aug 27

Zhenro Services (06958) has released its interim results for the 2026 fiscal year, posting a net loss attributable to shareholders of RMB 53.448 million. This marks a substantial year-on-year expansion of 610.7%, deepening the company's financial strain compared to the prior corresponding period.

Revenue for the six-month period declined by 7.7% to RMB 483 million, reflecting ongoing headwinds in the company's operational segments. The basic loss per share stood at RMB 0.05, underscoring the challenging earnings environment.

Management attributed the widened loss to two primary factors. Firstly, a drop in the collection rate for accounts receivable led to an increase in impairment provisions on receivables, exerting downward pressure on profitability. Secondly, revenue from both community value-added services and non-property owner value-added services experienced a contraction, further eroding the company's top-line performance.

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