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Impairment of Crypto Assets Weighs on Revenue; Gross Margin Surges 141.8%, AUM Doubles to HK$2.295 Billion

Impairment of Crypto Assets Weighs on Revenue; Gross Margin Surges 141.8%, AUM Doubles to HK$2.295 Billion

Nevertheless, the interim results released this time still feature several notable highlights: the company’s gross margin improved significantly, surging 141.8% year-over-year to 1.4%, reflecting a clear trend of earnings recovery; net cash increased by 114.2% year-over-year, further strengthening the financial cushion from operating cash flows.

Zhitong Finance APP learned that New Huo Group (01611) has released its interim results for 2026. The company reported an enlarged loss attributable to owners of the company during the period, with a year-on-year increase in loss per share, primarily impacted by fair value fluctuations of crypto assets and higher research and development and administrative expenses associated with business…

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