MetaLight Inc. issued a positive profit alert indicating that the interim net loss for the six months ended 30 June 2026 is expected to contract to between RMB3.00 million and RMB13.00 million, a significant improvement from the RMB125.50 million loss recorded in the same period of 2025.
Management attributes the turnaround primarily to two non-recurring items recognised last year that are absent in the current period: 1. Fair-value loss of approximately RMB119.20 million on convertible redeemable preferred shares recognised in 1H25 following their automatic conversion at listing. 2. Listing-related expenses of roughly RMB17.50 million booked in 1H25.
On a non-IFRS basis, MetaLight anticipates adjusted net profit of RMB6.00 million to RMB16.00 million, compared with RMB28.20 million a year earlier. The decline reflects a modest reduction in revenue and a substantial severance package linked to workforce restructuring undertaken during 1H26.
The board stated that day-to-day operations remain stable with no material adverse changes. Audited interim results are scheduled for release by end-August 2026. Investors are advised to exercise caution when dealing in the company’s shares.