Qian Xun Technology expects interim loss of RMB 120 million-RMB 130 million vs year-ago profit

• Qian Xun Technology flagged an interim loss attributable to owners of RMB 120 million-RMB 130 million for the six months ended June 30, 2026.
• Compares with a profit attributable to owners of RMB 51.5 million in the prior-year period.
• Revenue expected at RMB 242 million-RMB 247 million, down 61.8%-62.6% from RMB 647.4 million.
• Forecast gross loss of RMB 13 million-RMB 17 million versus gross profit of RMB 27.6 million a year earlier.
• Outlook reflects higher freight costs, weaker demand, PRC purchase subsidies narrowing used-new price gaps, impairment provision of at least RMB 70 million.

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-20260807-12277287), on August 07, 2026, and is solely responsible for the information contained therein.