-+ 0.00%
-+ 0.00%
-+ 0.00%
Chainxin Holdings (00888) announced interim results, with a net loss of HK$21.52 million, a year-on-year decrease of 23.7%
Share
Listen to the news

According to the Zhitong Finance App, Chainxin Holdings (00888) announced its 2026 interim results, with revenue of HK$10.01 million, down 30.3% year on year; net loss of HK$21.52 million, narrowing 23.7% year on year; basic loss per share of HK 1.51 cents.

The loss reduction was mainly due to (i) the net unrealized loss not confirmed as an investment in a private equity fund in the first half of 2026, while the net unrealized loss confirmed as an investment in a private equity fund was approximately HK$11.6 million in the first half of 2025, (ii) a reduction in R&D costs of approximately HK$9.1 million, and (iii) a reduction in other operating expenses of approximately HK$6.2 million, mainly due to a reduction in consulting fees, legal and professional expenses, and miscellaneous expenses. (iv) Staff expenses were reduced by approximately HK$3.2 million. Offset by impact: (i) The net provision for impairment losses on financial assets was confirmed in the first half of 2026, while the net repayment of financial asset impairment losses was approximately HK$7 million in the first half of 2025; (ii) loss of about HK$5.6 million was confirmed from the sale of subsidiaries in the first half of 2026, while the first half of 2025 confirmed proceeds from the sale of subsidiaries was approximately HK$2.8 million.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending