Maxnerva Technology Services Limited (Maxnerva Tech, 01037) moved back into the black for the six months ended 30 June 2026, reporting a net profit of RMB 8.85 million versus a RMB 2.38 million loss a year earlier. Revenue was broadly unchanged at RMB 336.33 million, down just 1.7% year-on-year.

Profit drivers • Fair-value movements on financial assets swung to a RMB 1.34 million gain from an RMB 11.57 million loss in 1H 2025. • Gross profit rose 15.0% to RMB 58.02 million, lifting the gross margin to 17.3% (1H 2025: 14.8%). • Operating profit reached RMB 9.83 million, turning around from a RMB 1.49 million loss in the prior-year period; net margin improved to 2.6%.

Segment performance 1. Digital Industry Business: Revenue advanced 9% to RMB 238.20 million, while segment profit climbed 26% to RMB 19.60 million, buoyed by ongoing capital-expenditure cycles in the US, Vietnam, Taiwan and India. 2. Digital Life Business: Revenue fell 20% to RMB 98.14 million, and segment profit dropped 55% to RMB 2.16 million amid higher memory costs and softer demand for smart office equipment.

Balance-sheet snapshot • Cash and cash equivalents increased to RMB 136.44 million (31 Dec 2025: RMB 112.86 million). • Bank borrowings stood at RMB 26.00 million, all short-term and unsecured, leaving the group in a net cash position and a gearing ratio of zero. • Total assets expanded to RMB 630.26 million, funded by shareholders’ equity of RMB 406.68 million and liabilities of RMB 223.58 million. • Current ratio eased to 2.58 from 2.86 at year-end 2025. • Inventory rose modestly to RMB 80.40 million, with turnover improving to 51 days (FY 2025: 61 days). Trade and lease receivables increased to RMB 265.75 million; turnover lengthened to 139 days from 114 days due to slower customer payments.

Capital deployment The group’s RMB 30 million commitment to GRC Sino-Green Fund V, L.P. was valued at RMB 31.14 million as of 30 June 2026, generating an unrealised gain of RMB 1.34 million during the period. No significant acquisitions or disposals were recorded.

Post-balance-sheet event On 27 July 2026, Foxconn Far East Limited, a wholly owned unit of Hon Hai Precision Industry, agreed to purchase a 40.46% stake in Maxnerva Tech at HKD 0.6374 per share for HKD 152.37 million. The transaction will trigger a mandatory general offer under Hong Kong’s Takeovers Code upon completion.

Dividend The board has not declared an interim dividend.

Outlook Management expects continued strength in the Digital Industry segment, underpinned by new production capacity build-outs and data-centre demand across the US, Taiwan, Vietnam and India. Digital Life performance is projected to remain mixed, with digital signage steady but smart office equipment facing cost pressures from elevated memory prices.