Sheen Tai Holdings Group Company Limited (“Sheen Tai”) reported a turnaround to a net loss attributable to shareholders of HK$5.69 million for the six months ended 30 June 2026, compared with a HK$2.23 million profit a year earlier. The deterioration primarily reflected a sharp HK$10.40 million fair-value loss on cryptocurrencies and a 31.10% slide in gross profit.

Revenue from continuing operations edged down 1.9% year on year to HK$27.13 million. The company’s photovoltaic (PV) power generation segment remained dominant, contributing HK$25.39 million, versus HK$27.62 million in 1H 2025. The recently launched cryptocurrency data-storage business added HK$1.72 million in revenue, while property-related services provided HK$0.02 million. The semiconductor trading operation posted no sales during the period.

Gross profit fell to HK$12.61 million (1H 2025: HK$18.30 million), driving the margin down to 46.5% from 66.2%. Administrative expenses improved 14.1% to HK$12.61 million, yet were offset by the cryptocurrency-driven losses and a rise in finance costs to HK$1.19 million (1H 2025: HK$0.38 million).

Cash and bank balances stood at HK$225.71 million at end-June, down from HK$278.55 million at 31 December 2025, reflecting net operating inflows of HK$15.06 million and outflows of HK$85.13 million for investing activities. The group had no bank borrowings; cryptocurrency payables totalled HK$8.52 million. Net assets were broadly stable at HK$620.78 million.

The board declared no interim dividend.

Looking ahead, management signalled continued confidence in the long-term potential of the cryptocurrency segment and plans further investment in data-storage capacity, while maintaining focus on its PV power operations.