QIAN XUN TECH (01640) announced mid-term results with a net loss of approximately 123 million yuan, turning from profit to loss year-on-year.

QIAN XUN TECH (01640) announced its mid-term results for 2026, with revenue of approximately 243 million yuan, a year-on-year decrease of about 62.4%; a net loss of approximately 123 million yuan, shifting from a profit to a loss compared to the same period last year; and a loss per share of 21.8 cents. The announcement stated that the decline in revenue was mainly due to the impact of the US-Iran conflict and subsidy schemes, which led to a decrease in revenue from its second-hand e-commerce business.