Muxi Shares Denies 'Orders Booked Through Next Year' Rumor, Reports Continued Losses
Muxi Shares has issued a clarification statement addressing recent media reports that claimed its product orders were booked through next year and beyond. The company has investigated these claims and found them to be untrue. Muxi Shares stated that Sun Guoliang, its Chief Product Officer and Senior Vice President, did not comment on the company's order status during the 'Vibrant China Research Tour' event. The company affirmed that its production and operations are proceeding normally, and there is no significant information that should have been disclosed but was not. For the first quarter of 2026, Muxi Shares reported an operating revenue of 562 million yuan. However, the net profit attributable to shareholders of the listed company was a loss of 98.8424 million yuan, indicating that the company is still in a loss-making state.
The clarification from Muxi Shares addresses market speculation regarding order backlogs, a common indicator of future revenue. By refuting the 'orders booked through next year' narrative, the company aims to manage investor expectations and prevent potential overvaluation based on unverified claims. The disclosure of continued losses, despite ongoing operations, highlights the challenges in scaling new technology ventures and achieving profitability. This situation underscores the typical financial trajectory for companies in nascent, capital-intensive industries, where significant investment is required for research, development, and market penetration before positive cash flow is realized. Investors will likely monitor Muxi's progress in converting its operational capacity into sustainable revenue streams and navigating the competitive landscape over the next fiscal periods.
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