CONFIDENCE INTELLIGENCE HOLDINGS (01967.HK): Expected H1 Net Loss Not to Exceed RMB5 Million

NewTimeSpace · 2026/08/11 19:49 · By Zeyu Wu

NewTimeSpace News: CONFIDENCE INTELLIGENCE HOLDINGS announced on 11 August that it expects to record a net loss of not more than approximately RMB5 million for the six-month period ending 30 June 2026. A profit of around RMB2.2 million was registered in the corresponding period of last year, representing a swing from profit to loss.

NewTimeSpace News: On 11 August 2026, CONFIDENCE INTELLIGENCE HOLDINGS (01967.HK) issued a profit warning. Based on preliminary review of the unaudited consolidated management accounts, the Group expects to record a net loss of not more than approximately RMB5 million for the current period, compared with a profit of roughly RMB2.2 million in the same period last year, marking a turnaround from profit to loss.

According to the announcement, the net loss is mainly attributable to an approximate 5% to 7% decline in gross profit margin during the period. This was driven by intensifying market competition, which led to reduced orders and price cuts from a major customer, as well as continuous rises in procurement costs of raw materials including PCBs, chips and diodes.

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CONFIDENCE INTELLIGENCE HOLDINGS 01967.HK