Breo, stock code 688793, released its 2026 half-year report on the evening of August 27. Operating revenue was 366 million yuan, down 4.92 percent year on year. Net loss attributable to the parent widened to 47.15 million yuan, compared with a loss of 36.11 million yuan in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 42.39 million yuan, compared with a loss of 37.01 million yuan a year earlier. Net operating cash flow was negative 39.76 million yuan. At the end of the reporting period, total assets were 436 million yuan, down 29.34 percent from the end of the previous year. Net assets attributable to shareholders of the listed company were 186 million yuan, down 20.16 percent from the end of the previous year. The company said the losses were mainly due to a decline in other income and an increase in provisions. As of the end of June 2026, the number of domestic offline directly operated stores had been streamlined to 100, down from 119 last year, but the remaining stores are all located in core scenarios. In overseas expansion, the company has built a global operating system covering mainstream cross-border e-commerce platforms including Amazon, Walmart's online platform, TikTok Shop, AliExpress, Yamibuy, Shopee and Lazada. The company also flagged risks including a sharp decline in performance or losses, industry competition, financial and overseas operations. In addition, Ma Xuejun, the company's actual controller, and six other people were fined by the China Securities Regulatory Commission for manipulating the securities market. Their illegal gains of 10.12 million yuan were confiscated and a fine of 30.35 million yuan was imposed, totaling 40.47 million yuan. Ma Xuejun was banned from the securities market for five years.
Shenzhen Breo Technology Co. Ltd. AFirst-half revenue declined and net loss widened, with net cash flow negative and assets down.
