MicroAlgo Swings to RMB 229M H1 Loss on RMB 231M Investment Write-Down
MLGO sits 36% above its 52-week low of $3.02.
Summary
MicroAlgo reported a RMB 229.2M H1 2026 net loss, swinging from a RMB 31.7M profit a year earlier, driven by a RMB 231.5M loss on short-term investments. Core operations stayed profitable but revenue fell 27.3%.
Key Events · Earnings and Guidance · MLGO
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H1 Net Loss of RMB 229.2M
Net loss attributable to MicroAlgo was RMB 234.9M (USD 34.5M) for H1 2026, versus RMB 26.5M net income in H1 2025.
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RMB 231.5M Investment Loss
Short-term investments generated a RMB 231.5M loss (USD 34.0M) — RMB 26.3M unrealized and RMB 205.2M realized — versus RMB 25.6M income a year earlier.
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Revenue Declines 27.3%
Total revenue fell to RMB 136.7M (USD 20.1M) from RMB 188.1M, attributed to declining client demand for internet advertising.
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Core Operations Remain Profitable
Gross profit was RMB 38.7M (USD 5.7M) with gross margin improving to 28.3% from 27.4%, despite the revenue decline.
Analysis · MLGO · Technology
The first-half 2026 results mark a dramatic reversal for MicroAlgo, swinging from a RMB 31.7M net profit a year ago to a RMB 229.2M net loss, driven almost entirely by a RMB 231.5M loss on short-term investments. Core operations remain profitable—gross profit of RMB 38.7M on RMB 136.7M revenue—but the investment portfolio, which still holds RMB 867.7M in marketable securities, has become the dominant driver of reported results. Revenue fell 27.3% year-over-year as advertising demand weakened, while the company also dissolved two subsidiaries. The balance sheet remains liquid with RMB 1.23B in cash and equivalents, but the investment losses raise questions about capital allocation and the risk of further mark-to-market swings.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MLGO was trading at $4.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $51.5M. The 52-week trading range was $3.02 to $13.60. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.