UBOX ONLINE posts wider adjusted net loss in first-half results

Stock News
Aug 28

UBOX ONLINE (02429) has released its interim results for the six months ended June 30, 2026, showing total revenue of RMB 1.284 billion, a 1.4% decline year-on-year. The company reported an adjusted net loss of RMB 66.941 million, which widened by 119.1% compared to the prior corresponding period, with a loss per share of RMB 0.06.

For the reporting period, the group recorded a net loss of approximately RMB 67.3 million, an increase of about 78.8% from a loss of approximately RMB 37.6 million in the six months ended June 30, 2025. The expansion in losses was primarily driven by a rise in net exchange losses, in addition to a shift from a reversal of expected credit losses on financial assets in the same period last year to a provision for expected credit losses on financial assets during the current period.

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