Nano Labs Swings to RMB316.7M H1 Loss on Crypto Fair-Value Hit
NA sits 35% above its 52-week low of $1.58 on elevated volume (47× avg).
Summary
Nano Labs reported a RMB316.7M (US$46.5M) net loss for H1 2026, driven by a RMB250.5M crypto fair-value loss as BNB prices fell. Revenue dropped 66% to RMB2.8M.
Key Events · Earnings and Guidance · NA
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H1 2026 Net Loss of RMB316.7M
Net loss widened to RMB316.7M (US$46.5M) from RMB11.8M in H1 2025, driven primarily by a RMB250.5M (US$36.8M) loss on change in fair value of cryptocurrencies.
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Revenue Collapsed 66%
Net revenue fell to RMB2.8M (US$0.4M) from RMB8.3M in H1 2025, due to a drop in sales volume of iPollo V Series products.
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Crypto Fair-Value Loss
Loss on change in fair value of cryptocurrencies was RMB250.5M (US$36.8M) versus a RMB48.6M gain in H1 2025, reflecting decreased BNB prices during the period.
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Thin Cash Position
Cash and cash equivalents stood at RMB9.0M (US$1.3M) as of June 30, 2026, compared to RMB8.5M at December 31, 2025.
Analysis · NA · Manufacturing
A dramatic deterioration in first-half 2026 results saw net loss balloon to RMB316.7 million (US$46.5 million) from RMB11.8 million a year earlier. The primary driver was a RMB250.5 million (US$36.8 million) loss on the change in fair value of cryptocurrencies, reflecting the decline in BNB prices during the period. Revenue collapsed 66% to RMB2.8 million as iPollo V Series sales dried up. The company's cash position remains thin at RMB9.0 million (US$1.3 million), while it holds a long-term reserve of 70,000 BNB. The repurchase program has completed US$3.2 million in buybacks as of August 26, 2026.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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, NA was trading at $2.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $51.5M. The 52-week trading range was $1.58 to $6.18. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.