Coolpad Group (02369.HK): Expected First-Half Loss Narrows to HK$54 Million to 60 Million

NewTimeSpace News: On August 18, 2026, Coolpad Group (02369.HK) issued a profit warning stating that, based on a preliminary assessment of unaudited consolidated management accounts, it expects to record a loss attributable to owners of the company of approximately HK$54 million to 60 million for the interim period, narrowing from approximately HK$80.3 million in the same period last year.

The announcement indicated that the narrowing of the loss was primarily attributable to the Group's implementation of strategic cost control measures, optimization of resource allocation, and strengthening of budget constraint mechanisms, resulting in a reduction in administrative and other expenses of approximately HK$27.5 million compared with the same period last year; as well as the absence of losses from lease terminations and disposals of subsidiaries during the interim period, and an increase in net other income of approximately HK$9.7 million compared with the same period last year.

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