Teamsun Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 220 million to 330 million yuan in the first half of 2026, compared with a profit of 140 million yuan in the same period last year. The company expects operating revenue of 2.5 billion yuan for the period, up 10.5 percent year on year, with its main business maintaining growth momentum. The swing from profit to loss was mainly due to non-operating factors, including an impairment provision of about 530 million yuan on the long-term equity investment in its subsidiary GDYN, as well as net losses from changes in the fair value of holdings such as Telink Semiconductor. Share-based payment expenses from the equity incentive plan also weighed on the results. In addition, non-recurring profit and loss for the first half is expected to be between 28 million and 42 million yuan, a sharp decline from 223 million yuan in the same period last year, mainly because a large fair value gain was recognized in the prior-year period while the current period turned to a loss.
Beijing Teamsun Technology Co LtdExpects a net loss of 220-330 million yuan in H1 2026 due to impairment and fair value losses.
Telink Semiconductor (Shanghai) Co Ltd Ordinary Shares - Class AMentioned as a holding whose fair value change contributed to Teamsun's loss.