Telling Telecommunication Holding Co LtdCompany sold its entire stake in Xingji Meizu for 77 million yuan, and reported a net loss for full-year 2025 and Q1 2026, though expects a profit turnaround in H1 2026.

Telling Holding transferred its 1.65 percent stake in Xingji Meizu through a listing for 77 million yuan, with the buyer being Juner Technology. After the transaction, the company no longer holds any equity in Xingji Meizu. On the same day, shareholder Henghua Zhisheng pledged 3.2 million of its shares, accounting for 18.26 percent of its holdings and 0.31 percent of the company's total share capital, while also releasing a pledge on 3.2 million shares. As of the announcement date, Henghua Zhisheng's cumulative pledged shares represent 100 percent of its holdings and 1.71 percent of the company's total share capital. The company's full-year 2025 total operating revenue was 90.57 billion yuan, up 7.77 percent year on year, but net profit attributable to the parent swung from profit to a loss of 21.53 million yuan. In the first quarter of this year, revenue was 22.402 billion yuan, down 14.40 percent year on year, with a net loss of 28.5208 million yuan. However, the company expects net profit attributable to the parent for the first half of 2026 to be between 14 million and 18 million yuan, turning from loss to profit year on year, mainly driven by stable development of its main business, business model upgrades, and new business expansion.
Telling Telecommunication Holding Co LtdCompany sold its entire stake in Xingji Meizu for 77 million yuan, and reported a net loss for full-year 2025 and Q1 2026, though expects a profit turnaround in H1 2026.
Xingji Meizu is the entity whose stake was sold; no direct impact on its own operations mentioned.