Aug 28, 2026 earnings call — Strategic shift to overseas growth and technology
Transaction volume was CNY 9.5 billion, down 74.4% year-over-year, and the quarter result was a net loss of CNY 183.6 million.
Revenue $0.1B (est $0.1B) · EPS $-0.13 (est $0.17)
Key quotes
"During the quarter, the company achieved transaction volume of RMB 9.5 billion, representing a year-over-year decrease of approximately 74.4%, driven by both the industry-wide contraction and our strategic adjustment, we recorded a net loss of approximately RMB 180 million for the quarter."
"In the second quarter, our Indonesian partners' business volume increased by 58% year-over-year and 10% sequentially."
"Consequently, our risk strategy iteration efficiency has improved by more than tenfold and accuracy in key scenarios has increased by over 20%, benefiting from the workforce efficiency gains brought by AI, we are actively optimizing our organizational structure."