Changes in Hong Kong stocks | Yingyu (03700) fell more than 8% after the warning, net profit fell by more than 30% in the first half of the year, and the depreciation of the company's cryptocurrency holdings increased dramatically

The Zhitong Finance App learned that Yinguniverse (03,700) fell more than 8% after the announcement. As of press release, it had a decrease of 8.42% to HK$0.925, with a turnover of HK$4.984 million.

According to the news, Yingyu announced that the group's net profit is expected to drop by more than 30.0% year-on-year in the first half of 2026, with net profit of about 274 million yuan for the same period in 2025. The decline in net profit is mainly due to the following factors: due to changes in the market environment and user consumption preferences, the Group's social networking business revenue decreased; and the depreciation of the Group's cryptocurrency holdings increased significantly due to falling Bitcoin and Ethereum prices during the reporting period. The impact of these factors is expected to be partially offset by an increase in the fair value of financial instruments classified as financial assets recorded as fair values for profit and loss during the reporting period.