NEW VISION CO (02632) issued a profit warning, expecting a mid-term loss attributable to the parent company of approximately 404 million to 424 million yuan, an increase of 60.9% to 68.8% year-on-year.

NEW VISION CO (02632) announced that it expects the Group to incur a pre-tax loss of approximately RMB 402 million to RMB 422 million for the six-month period ending June 30, 2026 (the reporting period), an increase of 65.9% to 74.2% compared to the same period in 2025; and a loss attributable to equity holders of the parent company of approximately RMB 404 million to RMB 424 million, an increase of 60.9% to 68.8% compared to the same period in 2025. According to the current available information, the aforementioned losses are primarily due to changes in the fair value of convertible preferred shares related to the convertible preferred shares issued by the Company during the financing period prior to the initial public offering. The increase in valuation of the Company prior to the initial public offering has led to an increase in the value of the preferred shares. Other factors, such as the listing expenses for the Company's initial public offering and increased investment in resources for overseas business expansion, have also had a minor impact on the losses.