Qian Xun swings to FY26 H1 loss of RMB 123.35 million; revenue falls 62.4% to RMB 243.3 million

• Qian Xun Technology posted a net loss of RMB 123.35 million, turning from profit, as revenue fell 62.4% to RMB 243.3 million.
• Gross profit swung to a gross loss of RMB 15.14 million from profit, while impairment losses on financial assets widened to RMB 76.79 million.
• Basic loss per share was RMB 21.8 cents, turning from earnings.
• Pre-owned e-commerce revenue dropped 64.9% to RMB 219.74 million, while advertising and other services rose 8.8% to RMB 23.56 million.
• Management cited China’s purchase subsidy scheme and the US-Iran conflict as headwinds, forecasting a rebound in pre-owned e-commerce in 2H 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Qian Xun Technology Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260818-12288621), on August 18, 2026, and is solely responsible for the information contained therein.