Hanvon Technology disclosed its earnings forecast, expecting a net loss attributable to shareholders of 75 million to 95 million yuan for the first half of 2026, compared with a loss of 56.7266 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 79 million to 99 million yuan, compared with a loss of 64.4134 million yuan a year earlier. The company said the widening loss was mainly due to rising costs and declining gross margins caused by price increases for upstream memory chips, as well as a significant year-on-year increase in exchange losses resulting from US dollar exchange rate fluctuations. In addition, the company implemented cost-cutting measures such as streamlining research and development projects and optimizing personnel, but the effect of cost control has not yet been reflected in the financial statements due to the impact of increased amortization of previously capitalized projects.
Hanwang Technology Co LtdWidening loss due to rising costs from upstream memory chip price increases and declining gross margins.