MOBVOI (02438.HK): Expects H1 Loss of RMB 45-58 Million

NewTimeSpace News: On 21 August 2026, Mobvoi Inc. (stock code: 02438) issued a profit warning, expecting a loss attributable to equity shareholders of the Company of approximately RMB 45.0 million to RMB 58.0 million for the six months ended 30 June 2026, versus RMB 7.2 million in the prior-year period.

The announcement attributed the wider loss mainly to the Group's strategic contraction of certain legacy businesses amid intensifying competition and rising customer acquisition costs, reducing investment in legacy AIGC software and smart hardware products and resulting in a structural decline in related revenue; meanwhile, the Group has focused strategic resources on its AI software-hardware business system built around AI Agents, increasing investment in its self-developed AI-native organisational collaboration platform CodeBanana and the TicNote smart hardware product matrix, with R&D and selling expenses declining less than revenue. The interim results announcement will be published by the end of August 2026.

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