PERFECT OPT (08311) announced that the group's financial performance for the first half of 2025 is expected to turn from profit to loss, with a comprehensive loss attributable to equity holders of approximately HK$12 million to HK$14 million, compared to a comprehensive profit attributable to equity holders of approximately HK$2.25 million in the first half of 2024.

The announcement stated that the shift from profit to loss is primarily due to expected fair value losses of approximately HK$7.06 million on the group's financial assets measured at fair value through profit or loss during the period, compared to fair value gains of approximately HK$15.082 million in the corresponding period of 2024.

The group's financial assets measured at fair value through profit or loss consist of ordinary shares of Mobvoi Inc. (stock code: 2438) listed on The Stock Exchange of Hong Kong Limited, with fair value estimated based on the market value of Mobvoi's ordinary shares.

Although the group's operational losses during the period decreased compared to the corresponding operational losses in 2024, the aforementioned fair value losses on the group's financial assets measured at fair value through profit or loss are expected to result in the shift from profit to loss during the period.