Cornerstone Technology Holdings (08391) is expected to achieve profit of about HK$4 million to HK$6 million in the medium term, turning a year-on-year loss into a profit

According to Zhitong Finance App News, Cornerstone Technology Holdings (08391) issued an announcement. According to the preliminary assessment of the Group's unaudited consolidated management accounts (management accounts) for the six months ended June 30, 2026, the Group expects to obtain a profit of between HK$4 million and HK$6 million, while a loss of HK$34.1 million was recorded for the six months ended June 30, 2025. This conversion of loss into profit is mainly due to fair value net income generated by convertible notes issued in 2024.

The Board of Directors wishes to emphasize that the net fair value of convertible notes is a non-cash accounting item resulting from year-end valuation adjustments and has no direct impact on the Group's operating cash flow or daily business operations.