Huasheng Tiancheng Expects First-Half Loss of 220 Million to 330 Million Yuan

Earnings
โดย 财中社·Read original
Summary · why it matters

Huasheng Tiancheng issued an announcement, expecting a net loss attributable to the parent company of 220 million to 330 million yuan for the first half of 2026, compared with a profit of 140 million yuan in the same period last year. The company expects first-half operating revenue of about 2.5 billion yuan, up from 2.26 billion yuan a year earlier. The loss is mainly due to a decline in the share price of subsidiary Grid Dynamics Holdings, leading the company to make an impairment provision of about 530 million yuan on the related long-term equity investment, as well as net losses from changes in the fair value of financial assets caused by stock price fluctuations of secondary market holdings such as Telink Semiconductor. Additionally, share-based payment expenses accrued under the equity incentive plan also had a phased impact on net profit.

Impact on stocks 3

Artificial Intelligence▼ · 1 stocks
Grid Dynamics Holdings Inc
GDYN
▼ NegativeCapitalrelevance

Huasheng Tiancheng's impairment provision of about 530 million yuan on its investment in Grid Dynamics Holdings due to decline in its share price.

Others▼ · 2 stocks
© 2026 MarketDXNews