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FINWIRES

Fibocom Wireless Logs 92% Lower Profit in Q1 2026

-- Fibocom Wireless (HKG:0638, SHE:300638) booked 9.7 million yuan in attributable profit for the first quarter of 2026, falling 92% from the 117.8 million yuan in the same quarter of 2025, according to a Hong Kong bourse filing Thursday.

Hong Kong-listed shares of the communications equipment company were down over 9% in Friday late morning trade.

Earnings per share were 0.0108 yuan, compared with 0.1543 yuan in the prior year period.

Operating revenue fell 9.6% year on year to 1.68 billion yuan, figures showed.

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