MOBVOI (02438) issued a profit warning, anticipating a mid-term loss attributable to shareholders of approximately 45 million to 58 million yuan.

MOBVOI (02438) announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six-month period ending June 30, 2026, the Group expects to incur a loss attributable to the equity shareholders of the Company of approximately RMB 45 million to RMB 58 million for the six months ending June 30, 2026, compared to a profit of RMB 7.2 million for the same period in 2025. The main reasons for the increase in the loss attributable to the equity shareholders of the Company during the period include: In light of intensified market competition and rising customer acquisition costs, the Group strategically scaled back some traditional businesses during the reporting period, reducing resource investment in AIGC software and older intelligent hardware products, and actively freeing up resources from businesses with diminishing marginal returns to create space for growth in the next phase. As a result, related business income experienced a structural decline. The Group has focused its strategic resources on developing an AI hardware and software business system centered around AI Agent as the core execution force, continuously increasing investment and commercial advancement of its self-developed AI-native organizational collaboration platform, CodeBanana, while also advancing the research, iteration, and brand building of the TicNote intelligent hardware product matrix. Consequently, the decrease in research and development expenses and sales expenses was less than the decrease in revenue, leading to an increase in loss for the first half of 2026.