Net263 Ltd

263 Network Communication released its 2026 interim report, showing total operating revenue of 442 million yuan and a net loss attributable to the parent company of 19.25 million yuan, swinging from profit to loss. This represents a decrease of 55.07 million yuan compared with the same period last year, down 153.74 percent year on year. Net cash inflow from operating activities was 66.68 million yuan, down 1.04 percent year on year. The company's asset-liability ratio was 19.26 percent, gross margin was 35.22 percent, return on equity was negative 1.24 percent, and diluted earnings per share was negative 0.01 yuan. The number of shareholders was 135,300, and the top ten shareholders held 18.55 percent of total share capital.

Net263 issued an announcement, expecting a first-half 2026 loss of 16 million to 24 million yuan, compared with a profit of 35.82 million yuan in the same period last year, swinging from profit to loss year-on-year. The main reason for the performance change is a decrease in equity-method investment income from its long-term equity investment in Suzhou Long'ao Pan-Artificial Intelligence High-Tech Investment Center Limited Partnership compared with the same period last year. The impact of non-recurring gains and losses on the company's net profit is expected to be between negative 21 million and negative 31 million yuan, mainly due to non-recurring items included in the equity-method investment income from the group's long-term equity investment in Suzhou Long'ao during the reporting period. In the first quarter of 2026, Net263 achieved revenue of 208 million yuan, with a net loss attributable to the parent company of 12.19 million yuan.

263 issued an announcement stating that controlling shareholder Li Xiaolong reduced his stake by a total of 13.75 million shares through centralized bidding during the reduction plan period, accounting for 1% of the company's total share capital. In the first quarter of 2026, 263 achieved revenue of 208 million yuan, with a net loss attributable to the parent company of 12.19 million yuan.