POWERWIN TECH (02405) has released a statement. Based on a preliminary assessment of the group's unaudited consolidated management accounts for the six months ending June 30, 2026, and currently available information from the board, the company expects revenue for this period to be approximately $700,000 to $800,000, compared to revenue of $3.3 million for the six months ending June 30, 2025. The company also anticipates a loss attributable to equity shareholders of approximately $1.4 million to $1.6 million, compared to a loss of about $3.8 million for the same period last year.
Following the sale of Powerwin Media Group Limited in July 2025, the company has gradually scaled down its standardized cross-border digital marketing services and ceased providing these services during the six months ending June 30, 2026. Additionally, due to challenging market conditions, evolving industry dynamics, and the need for more efficient resource allocation, the company has decided to merge its customized digital marketing services with its SaaS-based digital marketing offerings.
Given (i) the termination of standardized digital marketing services, (ii) the integration of the company's digital marketing services, and (iii) the severe market conditions facing the digital marketing services industry, the company expects a significant decline in revenue for this period compared to the six months ending June 30, 2025.
After the sale, a substantial reduction in trade receivables and trade payables has significantly improved the group's working capital position and reduced credit risk from marketer defaults. This has also led to a significant decrease in expected credit losses on trade receivables, contributing to a notably smaller loss attributable to equity shareholders for this period compared to the previous one.
Building on its existing Adorado and Powershopy platforms, the company has developed PowerTokens, a proprietary one-stop SaaS solution platform. It is designed as a centralized marketplace that aggregates large language models (LLMs) and artificial intelligence (AI) capabilities developed in mainland China, making them accessible to global developers and businesses. PowerTokens aims to provide unified AI model access, account management, usage metering, billing management, and related technical services for global developers, content creators, SaaS companies, and enterprise clients. The platform has already initiated external marketing, user recruitment, and early-stage commercialization activities.