Recent Updates — HTT

High Templar Tech reported first-half 2026 net income attributable to shareholders of RMB416.9 million (US$61.4 million), or US$0.39 per diluted ADS, down from RMB461.9 million in the prior year period. Total revenues dropped 72.7% to RMB8.0 million (US$1.2 million) due to the complete winding down of its last-mile delivery business. Operating costs decreased by 10.0%, while general and administrative expenses rose 61.0% primarily due to increased depreciation from a new headquarters and loan arrangement fees. The company reported a loss on derivative instruments of RMB602.7 million, offsetting gains in interest and investment income which nearly doubled to RMB1,283.6 million. Additionally, the board resolved that the company will bear approximately US$116 million in tax costs related to historical equity restructurings involving its Chairman and CEO.