TIANGE (01980) released its annual performance report, with a shareholder net loss of 9.306 million yuan, turning from a profit to a loss compared to the same period last year.

TIANGE (01980) announced its annual performance for the year ending December 31, 2025. The group achieved a profit of 38.554 million yuan, a year-on-year increase of 279.47%; the company's owners reported a loss of 9.306 million yuan, a year-on-year change from profit to loss; with a loss per share of 0.009 yuan. It plans to distribute a final dividend of 0.02 Hong Kong dollars per share. The announcement stated that the shareholders' loss was mainly due to the following factors: an increase in product incubation costs. The group's strategic focus is on investing and incubating online interactive entertainment businesses in multiple regions simultaneously, leading to increased expenses; fair value losses on financial assets accounted for at fair value. The fair value losses are mainly from valuation adjustments on non-listed equity investments, which were caused by changes in the operating and financial conditions of the investee companies; and fair value losses on investment properties. Due to adjustments in the domestic and UK real estate markets, the group's investment properties have recorded several fair value losses.