Asia
Autostreets Development Expects Swing to Loss in H1
Autostreets Development (HKG:2443) expects to record a net loss attributable to equity holders of no more than 15 million yuan for the first half of 2026, compared with a net profit of about 12.8 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The anticipated loss was mainly due to a weakened domestic automotive consumer market, intensified industry competition, and the withdrawal or scaling back of certain automobile dealers, which reduced revenue and gross profit.The company expects to publish its interim results by the end of August.
HKG:2443
