ILUVATAR COREX forecasts net profit of 60-140 million yuan for first half of 2026, reversing loss from last year
Stock News
Aug 13
ILUVATAR COREX (09903) has issued a profit alert, projecting a net profit of approximately 60 million yuan to 140 million yuan for the six months ending June 30, 2026, compared to a net loss of about 609 million yuan for the same period in 2025.
The company attributed the turnaround to a fair value gain of approximately 730 million yuan to 790 million yuan on financial assets measured at fair value through profit or loss, primarily driven by a significant increase in unrealized net gains from its equity investment in a Shanghai-listed company.
The board noted that the improved performance was mainly due to the fair value gains during the reporting period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.