Phancy Expects Profit Turnaround in H1

MT Newswires Live07-22

Phancy (HKG:6682) expects profit attributable to owners of 90 million yuan to 130 million yuan for the first half, compared with a loss a year earlier, according to a Wednesday Hong Kong bourse filing.

The AI firm expects revenue of 3.20 billion yuan to 4 billion yuan, up about 22% to 52% from the corresponding period of 2025.

The company attributed the expected turnaround to rapid growth in its core business, a lower selling expense ratio, and higher other income, mainly driven by gains in the fair value of investment projects.

Revenue growth was supported by stronger demand, higher customer recognition, and improved utilization of its computing power resources.

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