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INKEVERSE (03700.HK) Expects More Than 30% Drop in Interim Profit Amid Sharp Increase in Cryptocurrency Impairment
2026-08-09 20:46:58
INKEVERSE (03700.HK) issued a profit warning, expecting net profit for the six months ended June to decline by more than 30% from RMB274 million in the corresponding period of 2025. The decline was mainly due to lower revenue from the group's social networking business amid changes in the market environment and user consumption preferences, as well as a substantial increase in impairment on the group's cryptocurrency holdings during the period following declines in Bitcoin and Ethereum prices. (de/d)~

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