INKEVERSE (03700) has issued a profit warning, disclosing that the group expects its net profit for the first half of 2026 to decline by more than 30.0% compared to the same period last year. The net profit for the corresponding period in 2025 was approximately 274 million yuan.
The company attributed the anticipated decline in net profit for the reporting period to the following factors: a decrease in revenue from the group's social networking business, driven by changes in the market environment and shifts in user consumption preferences; and a significant increase in impairment losses on the group's cryptocurrency holdings, resulting from the decline in Bitcoin and Ethereum prices during the reporting period. The impact of these factors is expected to be partially offset by an increase in the fair value of financial instruments classified as financial assets at fair value through profit or loss during the reporting period.
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