Net263 LtdNet263 expects a first-half 2026 loss of 16-24 million yuan, swinging from profit to loss year-on-year, due to decreased equity-method investment income.

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.
Net263 LtdNet263 expects a first-half 2026 loss of 16-24 million yuan, swinging from profit to loss year-on-year, due to decreased equity-method investment income.
The loss is attributed to decreased equity-method investment income from Suzhou Long'ao Pan-Artificial Intelligence High-Tech Investment Center Limited Partnership, indicating lower returns for that entity.