The Zhitong Finance App learned that Wireless Group (00511) fell by more than 7%. As of press release, it was down 7.13% to HK$2.28, with a turnover of HK$6.32,300.

According to the news, Wireless Group announced its 2026 interim results. In the first half of this year, Wireless Group achieved revenue of HK$1,258 billion, a year-on-year decrease of 16%. Gross profit was HK$566 million, up 1% year over year. The loss attributable to the company's shareholders was HK$73.612 million, a year-on-year decrease of 31.92%. The loss per share was HK$0.16. The announcement stated that the decline in revenue was mainly due to a decline in business revenue in mainland China; at the same time, as the company continued to reduce its loss-making activities such as e-commerce, the TV broadcasting business revenue was also affected to a certain extent.

Looking ahead, the company expects terrestrial television advertising revenue to grow moderately for the rest of 2026, driven by the continued growth in advertising revenue in the Greater Bay Area. Meanwhile, the company expects digital advertising revenue to continue to grow at a double-digit rate for the rest of the year. In terms of mainland China business, business performance is expected to improve in the second half of 2026, driven by more co-production projects.

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