According to Zhitong Finance App News, Xinniu Technology (09600.HK) issued an announcement. It is expected that the Group will obtain a loss of about RMB 27 million to approximately RMB 37 million during the six months ending June 30, 2026, which is a sharp decrease of about 43% to 58% from the Group's share investment losses of RMB 64.4 million attributable to the Group's owners for the six months ending June 30, 2025. This decrease in losses during the period attributable to the Group's owners is mainly due to the fair value of the Group's equity investment with profit and loss included at fair value Variable losses; R&D expenses; and anticipated net credit loss provisions for trade receivables, contract assets, and other receivables have all been reduced. During the reporting period, the Group actively adjusted its business strategy, with business structure optimization as the core starting point, actively shrinking projects with low gross profit, long advance funding, and high repayment risk, concentrating resources to undertake high-quality customized solutions with high added value and high cash flow, and simultaneously implementing full-dimensional cost control.

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