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.