Earnings ·
Nano Labs Ltd reported unaudited first-half 2026 financial results ending June 30, 2026
NANano Labs Ltd
Nano Labs Ltd reported unaudited first-half 2026 financial results ending June 30, 2026. Net revenue declined to RMB2.8 million (US$0.4 million) from RMB8.3 million in the prior year period due to lower sales of iPollo V Series devices. The company recorded a net loss of RMB316.7 million (US$46.5 million), compared to a net loss of RMB11.8 million previously, driven by a RMB291.7 million operating loss and a RMB250.5 million loss on the change in fair value of cryptocurrencies as BNB prices decreased. Operating expenses totaled RMB285.8 million, with increases across selling, general, administrative, and research categories. As of August 26, 2026, the company had repurchased US$3.2 million worth of Class A ordinary shares under its existing program. Nano Labs Ltd operates as a Web 3.0 infrastructure provider and crypto treasury company.