NEW VISION CO (02632) has issued a profit warning, announcing that the group expects to record a pre-tax loss under International Financial Reporting Standards of approximately RMB 402 million to RMB 422 million for the six months ending June 30, 2026, representing an increase of 65.9% to 74.2% compared to the same period in 2025.

The company also anticipates a loss attributable to owners of the parent company under International Financial Reporting Standards of approximately RMB 404 million to RMB 424 million, an increase of 60.9% to 68.8% year-on-year. Based on currently available information, the loss is primarily due to fair value changes in convertible preferred shares issued during the company's pre-IPO financing rounds. The valuation increase of NEW VISION CO before its initial public offering has led to a rise in the value of these preferred shares.

Other factors, including listing expenses related to the company's IPO and increased resource allocation for overseas business expansion, have also contributed slightly to the loss.