Ruifeng Green Energy Intelligence (00527) Fa Ying Guang expects a consolidated net loss of no less than 700 million yuan in the medium term

According to the Zhitong Finance App, Ruifeng Green Energy Smart Computing (00527) announced that the Group expects to achieve a comprehensive net loss of not less than RMB 700 million for the six months ending June 30, 2026, while the consolidated net loss for the same period in 2025 is approximately RMB 40.357 million.

The Board believes that the expected increase in net loss for this period is mainly due to share-based payment expenses of approximately RMB 692 million due to the issuance of subscription shares and 2026 HKD convertible bonds. Such shares and bonds are measured and accounted for at fair value upon completion. Such expenses refer to unidentifiable service elements relating to the subscription of shares and the 2026 HKD convertible bonds. They are the difference between the fair value of the self-subscribed shares and the 2026 HKD convertible bonds and the cash proceeds received in connection therewith, mainly due to the closing price of the shares at the 2026 grant date of HK$0.72 per share, which is significantly higher than the share subscription price B and the HKD conversion price of HK$0.196 per share as stipulated in the subscription agreement dated June 21, 2024.