JIANGSU NEW VISION AUTOMOTIVE ELECTRONICS (02632.HK): Expected First-Half Pretax Loss of Approximately RMB 402 Million to 422 Million

NewTimeSpace News: On August 16, 2026, JIANGSU NEW VISION AUTOMOTIVE ELECTRONICS (02632.HK) issued a profit warning stating that, based on a preliminary review of unaudited consolidated management accounts, it expects to record a pretax loss of approximately RMB 402 million to 422 million for the reporting period, representing an increase of 65.9% to 74.2% year-on-year; and a loss attributable to owners of the parent of approximately RMB 404 million to 424 million, representing an increase of 60.9% to 68.8% year-on-year.

The announcement indicated that the loss was primarily attributable to changes in the fair value of convertible preferred shares issued during the pre-IPO financing period, with the increase in pre-IPO valuation leading to an increase in the value of the preferred shares; listing expenses and increased resource investment in overseas business expansion also had a minor impact on the loss.

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