---
title: "Nan Nan Resources Swings to Annual Loss Despite Higher Revenue"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290595749.md"
description: "Nan Nan Resources swung to a net loss of HK$7.43 million for the year ended March 2026, down from a HK$71.79 million profit previously, despite revenue rising to HK$387.97 million. The loss was primarily driven by a HK$65.13 million negative fair value impact on convertible bonds. Earnings per share turned to a loss of 0.91 Hong Kong cents."
datetime: "2026-06-23T16:02:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290595749.md)
  - [en](https://longbridge.com/en/news/290595749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290595749.md)
---

# Nan Nan Resources Swings to Annual Loss Despite Higher Revenue

Nan Nan Resources Enterprise Limited ( (HK:1229) ) has issued an announcement.

Nan Nan Resources Enterprise Limited reported revenue of HK$387.97 million for the year ended 31 March 2026, up from HK$327.05 million a year earlier, driven by its services and goods businesses. Despite higher sales and reduced administrative expenses, gross profit slipped slightly and higher selling, distribution and finance costs constrained operating performance.

The group swung to a net loss of HK$7.43 million from a prior-year profit of HK$71.79 million, mainly due to a HK$65.13 million negative fair value and modification impact on its convertible bond, compared with a gain in the previous year. Earnings per share turned to a basic and diluted loss of 0.91 Hong Kong cents, signaling pressure on shareholder returns even as total comprehensive income remained positive on the back of favorable currency translation effects.

**More about Nan Nan Resources Enterprise Limited**

Nan Nan Resources Enterprise Limited, incorporated in Bermuda and listed in Hong Kong, operates through a group structure focused on providing services and goods, as reflected in its disclosed revenue streams. The company’s activities place it within the broader resources and services sector, serving customers largely through service-based operations that incur substantial cost of services and goods sold.

**Average Trading Volume:** 249,709

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$124M

For a thorough assessment of 1229 stock, go to TipRanks’ Stock Analysis page.

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