GOFINTECH QUANT (00290.HK) Records Adjusted Annual Profit of HK$540 Million, Intensifying Strategic Layout in Quantum Tech and AI Tracks

On June 18, 2026, GoFintech Quantum Innovation Limited (00290.HK) issued a profit warning. The announcement stated that for the year ended March 31, 2026, the consolidated loss attributable to owners of the company is expected not to exceed approximately HK$2.138 billion, compared to a loss of approximately HK$2.53 million in the same period of the previous financial year.

However, the announcement also disclosed a key piece of information: excluding the impact of relevant non-cash accounting items, the profit attributable to owners of the company is expected to be approximately HK$540 million, achieving a strong turnaround from the loss of HK$2.53 million in previous years.

In the secondary market, Wind data shows that as of the midday close on June 22, 2026, GOFINTECH QUANT saw unusual trading activity, with trading volume reaching 96.2375 million shares—230% higher than the previous day's closing volume, drawing significant market attention. Previously, GOFINTECH QUANT was officially included in the Hong Kong Stock Connect list of eligible securities on March 9, 2026.

Financial Structure: Book Losses Stem from Non-Cash Accounting Treatments

A breakdown of the profit warning announcement reveals that the substantial increase in the current period's consolidated book loss primarily originated from two non-cash accounting items:

First, an impairment loss from the acquisition of CSOP equity (approximately HK$2.453 billion).On December 31, 2024, GOFINTECH QUANT entered into a sale and purchase agreement with HK.AI CAPITAL (01140.HK) to acquire a 22.50% equity interest in CSOP Asset Management Limited for HK$1.11 billion. The consideration was settled by allotting and issuing approximately 1.405 billion shares at HK$0.79 per share. On the closing date of January 2, 2026, the closing price of the consideration shares had reached HK$2.65 per share, making the total cost of the issued consideration shares approximately HK$3.723 billion. However, the fair value of the target shares was only about HK$1.27 billion, resulting in an impairment loss of approximately HK$2.453 billion.

Second, an equity dilution loss resulting from HK.AI CAPITAL's additional share issuance (approximately HK$219 million).Following the completion of a new share issuance by HK.AI CAPITAL on November 20, 2025, GOFINTECH QUANT's equity interest in HK.AI CAPITAL was diluted from approximately 29.13% to 26.29%, resulting in the recognition of a one-off loss.

The announcement explicitly emphasized that the above losses are entirely non-cash in nature and are not expected to have any material adverse impact on the group's current and future operations or cash flows.

Excluding the impact of the aforementioned non-cash items, the expected profit attributable to owners of the company for the year is approximately HK$540 million, successfully realizing a turnaround to profitability.

From the perspective of profit sources, growth mainly stems from three aspects:

1. Steady growth in the core financial business.Benefiting from the improved market sentiment in the Hong Kong stock market, GOFINTECH QUANT's traditional financial cornerstone—major businesses such as securities brokerage and margin financing—are expected to see significant increases in both recognized revenue and generated operating profit.

2. Strategic investments entering the value realization phase.During the reporting period, realized and unrealized gains generated from the company's investments in listed and unlisted equity securities (particularly in the fields of quantum technology and frontier technologies) performed outstandingly, with the strategic layout gradually entering the value realization phase.

3. Performance contribution from associates.Following the completion of the acquisition of CSOP equity, the company recognized its share of results of associates.

Industry Background: Improving Liquidity Coupled with Stock Connect Inclusion Drives Continued Surge in Stock Attention

The release of GOFINTECH QUANT's performance forecast coincides with an important milestone for the company in the capital market. On March 9, 2026, GOFINTECH QUANT was officially included in the Hong Kong Stock Connect list of eligible securities, allowing mainland investors to trade directly through the Shanghai-Shenzhen-Hong Kong Stock Connect channels, significantly boosting market attention.

Looking at the company's own business structure, the expected increase in "securities brokerage and margin financing revenue and operating profit" mentioned in the announcement directly benefits from the overall recovery of trading in the Hong Kong stock market. According to disclosures from HKEX, the average daily turnover in the Hong Kong cash market reached HK$276.7 billion in the first quarter of 2026, a year-on-year increase of 14%, marking the second-highest quarterly record in history.

On the institutional side, Everbright Securities International predicts that after the adjustments in the first half of the year, Hong Kong stock valuations are now in a reasonable range. Coupled with relatively strong economic performance in the mainland, there is room for a rebound in the second half of the year as policy dividends continue to be released. In this context, targets that combine the stability of a core financial business with the growth potential of the technology track have become a focus for several institutions.

Company Background: Strategic Leap from GoFintech Innovation to GoFintech Quantum

To understand the true implications of GOFINTECH QUANT's performance forecast, it is necessary to trace its strategic transformation over the past two years.

In January 2025, GoFintech Innovation Limited announced a proposal to change its name to "GoFintech Quantum Innovation Limited"; effective March 17, 2025, the Chinese stock short name for trading on the Stock Exchange was officially changed "GOFINTECH QUANT". This name change marked the official confirmation of the company's strategic pivot.

Concurrently, GOFINTECH QUANT holds Hong Kong Type 1, 4, 6, and 9 financial licenses, with its main business covering securities brokerage, margin financing, asset management, corporate finance, and money lending.

Recent Developments: Intensive Strategic Placements in Quantum Tech and AI Tracks

Around the release of the performance forecast, GOFINTECH QUANT continued to accelerate its strategic layout in the quantum technology and artificial intelligence sectors.

Quantum Technology Sector:In early June 2026, GOFINTECH QUANT announced the completion of a strategic investment in Hengsheng Technology (Hefei) Co., Ltd. Backed by the University of Science and Technology of China (USTC) and the Hefei National Laboratory, Hengsheng Technology is a quantum technology industrialization and engineering platform covering all areas, including quantum communication, superconducting quantum computing, optical quantum computing, quantum precision measurement, and core quantum devices. The team previously led a series of world-class breakthroughs, including the "Micius" quantum science experiment satellite, the "Jiuzhang 3.0" optical quantum computing prototype, and the "Zuchongzhi 3.0" superconducting quantum computing prototype.

AI and Web3 Sector:On May 26, 2026, GOFINTECH QUANT published a voluntary announcement, declaring the acquisition and subscription of a total 19.9% equity stake in Luffa AI Limited for a total consideration of US$39.8 million (approximately HK$310 million). Luffa AI is a developer of communications and social networking products based on AI and Web3. Its core product is a decentralized social and communication platform that utilizes end-to-end encryption and distributed technology to protect user data. As of February 2026, the Luffa ecosystem had surpassed 3 million global downloads, with 2 million registered users and over 150,000 daily active users. This strategic investment is a crucial gap-filler in the AI and Web3 social networking sector for GOFINTECH QUANT, following its deployments in quantum computing power, biomedicine, and digital assets. Both parties also plan to engage in deep strategic cooperation in areas such as AI and fintech integration, digital assets and compliant finance, and quantum security.

Quantum AI Pharmaceuticals Sector:On June 8, 2026, GOFINTECH QUANT, together with Yitu Biosciences, participated in the "Into Guotai Haitong: 100 Listed Companies Exchange Event" hosted by Guotai Haitong Securities. Yitu Biosciences is an innovative drug R&D company driven by quantum computing and AI technology; its quantum AIDD platform can compress the new drug R&D cycle to 2-3 years. During the event, a GOFINTECH QUANT partner systematically outlined the company's multi-dimensional layout in the quantum technology field, including partnering with QuantumCTek to promote the commercialization of quantum communication hardware, and a strategic investment of approximately HK$39.5 million in SpinQ in 2024 to enter the quantum computing hardware track. This series of deployments covers multiple links from upstream computing hardware to midstream infrastructure, and from underlying protocols to application terminals, preliminarily building an ecological closed loop covering quantum communication, quantum computing, and quantum security hardware.

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