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Nano Labs (NA) investor relations material
Nano Labs H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
2025 marked a major transformation with a strategic focus on expanding capital assets and cryptocurrency reserves, particularly BNB, accumulating over 128,000 BNB.
Initiatives included expanding into stablecoin sectors and strengthening Web3 and AI-driven strategies.
Net revenue for H1 2025 was RMB8.3 million, down from RMB24.7 million year-over-year, mainly due to lower iPollo/Apollo V Series sales volume.
Net loss narrowed significantly to RMB11.8 million from RMB59.1 million year-over-year, aided by a RMB48.6 million gain on cryptocurrency fair value.
Operating expenses dropped 53.5% due to reductions in R&D, G&A, and selling costs.
Financial highlights
Net revenue for H1 2025 was RMB8.28 million (US$1.16 million), down from RMB24.7 million in H1 2024.
Gross loss was RMB10.71 million (US$1.5 million), compared to a gross profit of RMB30,000 in 2024.
Net loss narrowed to RMB11.78 million (US$1.65 million) from RMB59.15 million in 2024, with a RMB48.6 million gain on crypto fair value.
Cash and cash equivalents rose to RMB363.44 million (US$50.77 million) as of June 30, 2025, up from RMB32.43 million at year-end 2024.
Cost of revenue was RMB18.99 million (US$2.65 million), down from RMB24.71 million in 2024.
Outlook and guidance
Management remains confident in the business strategy, aiming to leverage technology for long-term growth and shareholder value.
The company will continue to monitor and potentially diversify crypto reserves, but BNB remains the core focus.
Management expects continued operational improvements and aims to further strengthen the crypto-asset reserve model.
Focus remains on capturing emerging opportunities in the cryptocurrency ecosystem.
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