Hi Sun Technology China (SEHK:818) Stock Revenue Grows While Losses Deepen

Hi Sun Technology (China) closed at HK$0.36 on Wednesday, roughly flat over the past week after a choppy few months. The market reaction looks calm on the surface. The headline from the new half year 2026 earnings is anything but calm. The payments and financial technology group swung to a heavy net loss of HK$575.6 million with basic earnings per share of HK$0.211 loss.

For short term traders this is a bruising profit squeeze story. For long term holders the real question is how much of this pressure is temporary and how it squares with a stock that still trades on a low 0.4x P/S multiple.

Is Hi Sun Technology (China) trading at a genuine 0.4x P/S bargain given deepening losses, or is that discount a warning sign you should not ignore? See how the current multiples compare with peers in the valuation analysis for Hi Sun Technology (China)

H1 2026 Earnings Summary

• Revenue H1 2026: HK$1,126.1 million vs. HK$961.7 million in H1 2025 (higher revenue year on year)
• Net Loss H1 2026: HK$575.6 million loss vs. HK$11.4 million loss in H1 2025 (loss widened sharply)
• Basic EPS H1 2026: HK$0.211 loss per share vs. HK$0.0042 loss per share in H1 2025 (loss per share increased significantly)
• Trailing 12 month Net Loss to June 2026: HK$685.7 million loss vs. HK$121.5 million loss for the 12 months to June 2025 (much larger full year loss)

Prefer clean charts instead of another wall of earnings figures and accounting terms? Get a full visual read on Hi Sun Technology (China)'s recent loss profile and broader financial picture in the company report for Hi Sun Technology (China).

Hi Sun bullish hopes lean on top line resilience

For anyone looking for a constructive angle on Hi Sun Technology (China), the revenue line is the clearest support. H1 2026 revenue of HK$1,126.1 million compares with HK$961.7 million in H1 2025, which points to a business that is still winning payment and fintech mandates. That matters for a company positioned as an infrastructure provider to digital finance. The long term story around diversified payment, platform and financial IT services still rests on this basic point. Customers are clearly still spending with Hi Sun.

Hi Sun loss profile keeps the pressure on

The bearish side of the story is hard to ignore. Hi Sun Technology (China) reported a H1 2026 net loss of HK$575.6 million, far heavier than the HK$11.4 million loss a year earlier. Trailing 12 month losses widened to HK$685.7 million. This pulls focus away from the digital finance growth story and toward funding and execution risk. The share price is roughly flat over 7 days but has fallen about 18% over 90 days, which suggests investors are already treating the loss trend as a serious concern.

After such a sharp earnings hit at Hi Sun Technology (China), it is fair to ask if this is a one off or part of a deeper pattern. Review our independent risk analysis for Hi Sun Technology (China) which shows 1 important warning sign

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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