Zejing Co., Ltd. (02632) issued a profit warning. It is expected that the mid-term return loss will be about 404 million yuan to 424 million yuan, an increase of 60.9% to 68.8% over the same period last year

According to Zhitong Finance App, Zejing Co., Ltd. (02632) issued an announcement. It is expected that the Group will obtain pre-tax losses of approximately RMB 402 million to RMB 422 million in the six months ending June 30, 2026 (reporting period), an increase of 65.9% to 74.2% over the same period in 2025; and losses attributable to owners of parent companies under international accounting standards are approximately RMB 404 million to RMB 424 million, an increase of 60.9% to 68.8% over the same period in 2025.

According to current data obtained, the above losses are mainly due to changes in the fair value of convertible preferred shares and are related to convertible preferred shares issued by the Company during the pre-initial public offering financing period. The increase in the Company's valuation before the initial public offering led to an increase in the value of preferred shares. Other factors, such as the company's initial public offering costs and increased investment in overseas business development resources, also had a slight impact on this loss.