Jiamu Technology (08198.HK) issued a profit warning, expecting a net loss of no less than 54 million Hong Kong dollars in the first half of the year.

Zhitong Finance App news, Jimi Technology (08198.HK) announced that the group expects to incur a net loss of no less than HKD 54 million for the six-month period ending June 30, 2026 (subject to certain valuations), whereas the net loss for the six-month period ending June 30, 2025 was approximately HKD 33 million. The substantial increase in net loss is mainly due to: (i) the amortization of newly added intangible assets for the on-chain data analysis platform and reduced electricity consumption at the US data center, leading to decreased gross profit; (ii) significant increases in expenses related to new operating businesses for the analysis platform and exchange and over-the-counter trading services, primarily including subscription fees, maintenance, technical support, and employee costs; (iii) an increase in administrative and other operating expenses, mainly including employee costs and benefits, lease expenses, and due diligence consulting and professional fees related to investment targets and Web 3.0 projects.