MemeStrategy (2440) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 36.9% YoY to RMB29.673m; gross profit increased to RMB2.091m, while net loss widened to RMB73.964m.

• Strategy is shifting toward a technology-enabled collectibles business integrating IoT, AI, digital assets and Web3, with Hong Kong as the Asia-Pacific expansion hub.

Financial highlights

• Revenue was RMB29.673m vs RMB21.668m; gross profit was RMB2.091m vs RMB0.646m, and gross margin rose to 7.0% from 3.0%.

• Net loss was RMB73.964m vs RMB33.961m; loss per share was RMB17.53 cents vs RMB11.61 cents, and owners’ attributable loss was RMB73.110m.

• Administrative expenses rose to RMB38.856m from RMB21.338m; selling and distribution expenses fell to RMB0.412m from RMB0.787m.

• An RMB18.350m SOL fair-value loss, higher administrative expenses and increased receivables impairment weighed on results; no adjusted net-loss figure was reported.

Outlook and guidance

• Plans include direct sales, auctions and lending supported by IoT- and blockchain-based vaulting services, expanding across Asia-Pacific from Hong Kong.

• Intends to broaden trading cards and merchandise through local and international IP collaborations, enhance offline experiences and target higher-end customers; no numerical financial guidance was stated.