ILUVATAR COREX (09903.HK): Positive Profit Alert; H1 Expected to Turn Around to Net Profit of RMB 60 Million to RMB 140 Million

NewTimeSpace News: On 13 August 2026, Shanghai Iluvatar CoreX Semiconductor Co., Ltd. (stock code: 09903.HK) issued a positive profit alert, expecting to record a net profit of approximately RMB 60.0 million to RMB 140.0 million for the six months ended 30 June 2026, compared with a net loss of approximately RMB 609.3 million for the six months ended 30 June 2025, representing a turnaround to profitability.

The announcement stated that the turnaround was mainly attributable to fair value gains of approximately RMB 730.0 million to RMB 790.0 million on financial assets measured at fair value through profit or loss during the reporting period, primarily driven by a significant increase in unrealized net gains from the Group's equity investment in a company listed on the Shanghai Stock Exchange.

The Company is still finalizing its interim results for the six months ended 30 June 2026. The information contained in this announcement is only based on a preliminary assessment of the Group's unaudited consolidated management accounts and other currently available information, which has not been reviewed or confirmed by the Company's independent auditors or the board's audit committee, and is subject to finalization and necessary adjustments. Details of the Group's financial performance for the reporting period will be announced in the interim results announcement, which is expected to be published before the end of August 2026. Shareholders and potential investors are advised to exercise caution when dealing in the Company's securities.

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