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Dazhong Transportation Group Co Ltd B

Dazhong Transportation (Group) Co., Ltd. operates in China's passenger transport sector, offering taxi and car rental services, vehicle dispatch platforms, GPS/GPRS onboard equipment, call center systems, and online ride-hailing. It also provides advertising, small loans, and auction services for real estate, vehicles, property rights, materials, equipment, and artworks. Additionally, the company is involved in real estate, hotel accommodation, catering, tourism, travel and logistics, driving training, conference centers, new and used car trading, market management, repair and maintenance services, and financial data centers. Formerly Shanghai Dazhong Taxi Co., Ltd., it changed its name to Dazhong Transportation (Group) Co., Ltd. in August 1988, was founded in 1988, and is headquartered in Shanghai, China.

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Dazhong Transportation first-half 2026 revenue 995 million yuan, net loss 168 million yuan

Dazhong Transportation disclosed its 2026 semi-annual report on August 29. In the first half, total operating revenue was 995 million yuan, down 10.60 percent year on year. Net profit attributable to the parent company was a loss of 168 million yuan, compared with a profit of 76.0569 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 108 million yuan, compared with a loss of 54.2396 million yuan a year earlier. Net cash flow from operating activities was 633 million yuan, up 104.32 percent year on year. During the reporting period, basic earnings per share were negative 0.07 yuan, and the weighted average return on equity was negative 1.73 percent. The company's main businesses are digital intelligent transportation, financial investment, property development, and data computing power.
600611.CG · Capital · Negative First-half net loss of 168 million yuan vs profit a year earlier
900903.CG · Capital · Negative First-half net loss of 168 million yuan vs profit a year earlier
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Dazhong Public Utilities Terminates Investment in Wuxi Lvyao Fund

Dazhong Public Utilities announced the termination of its investment in Wuxi Lvyao Venture Capital Partnership, a limited partnership, because the fund was unable to achieve the agreed investment objectives, triggering dissolution clauses. The company had originally planned to subscribe 150 million yuan as a limited partner, co-establishing Wuxi Lvyao with Dazhong Transportation and Beijing Lvdong. The proposal was approved on July 29, 2026. As of now, Wuxi Lvyao has completed business registration but has not yet completed the fund filing process and has not made any actual investments. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and net profit attributable to the parent company of 50.83 million yuan.
600635.CG · Capital · Negative Dazhong Public Utilities terminates its 150 million yuan investment in Wuxi Lvyao Fund due to failure to achieve objectives.
600611.CG · Capital · Neutral Dazhong Transportation is a co-founder of the fund, but the termination's impact on it is unclear.
900903.CG · Capital · Neutral Dazhong Transportation B shares are affected similarly to A shares, but impact is unclear.
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Dazhong Transportation Plans to Invest 50 Million Yuan in Private Equity Fund

Dazhong Transportation announced that it has signed a partnership agreement with Dazhong Public Utilities and Beijing Lvdong to jointly establish Wuxi Lvyao Venture Capital Partnership. The total committed capital of Wuxi Lvyao is 201 million yuan, of which the company, as a limited partner, will contribute 50 million yuan, representing a 24.88 percent stake. This transaction constitutes a related-party transaction because Dazhong Public Utilities is the controlling shareholder of the company.
600611.CG · Capital · Neutral Company invests 50 million yuan in a private equity fund as a limited partner; impact depends on fund performance.
900903.CG · Capital · Neutral Same company as index 0 (B-share), investment of 50 million yuan in the fund.
北京律动 · Capital · Neutral Beijing Lvdong is a co-investor in the fund; no details on its stake or financials.
600635.CG · Capital · Neutral Dazhong Public Utilities is the controlling shareholder and a co-investor in the fund, but no direct financial impact detailed.
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Dazhong Transportation Expects Loss of 140 Million to 210 Million Yuan in First Half of 2026

Dazhong Transportation disclosed its earnings forecast, expecting a net loss attributable to shareholders of 140 million to 210 million yuan in the first half of 2026, compared with a profit of 76.0569 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 87 million to 130 million yuan, compared with a loss of 54.2396 million yuan in the same period last year. The company stated that the earnings pressure is mainly due to the large loss from changes in fair value of financial assets measured at fair value, which were affected by capital market fluctuations. At the same time, the overall operating profit of various business segments decreased due to macroeconomic and market changes.
600611.CG · Capital · Negative Expects net loss of 140-210 million yuan in H1 2026 due to fair value losses and lower operating profit.
900903.CG · Capital · Negative Expects net loss of 140-210 million yuan in H1 2026 due to fair value losses and lower operating profit.
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