Jinxin Technology Holding Company (NAMI), a PRC-based provider of digital textbook subscription services operating through a variable interest entity, reported unaudited results for the six months ended June 30, 2026 showing lower revenue but a smaller loss. Net revenues declined from RMB 208.5 million in 2025 to RMB 142.1 million in 2026, while net loss narrowed from RMB 21.1 million to RMB 10.5 million, and net loss attributable to ordinary shareholders improved to RMB 9.7 million. Gross profit fell slightly to RMB 27.8 million, and operating loss improved to RMB 14.5 million as research and development expenses were reduced by more than half. Cash and cash equivalents decreased to RMB 26.0 million, partly offset by an increase in short-term bank wealth-management investments to RMB 32.5 million, keeping total assets near RMB 187.2 million and total equity at RMB 103.0 million. Operating cash flow turned negative at RMB -2.7 million, and the company continues to rely on a VIE structure in China, with significant customer and supplier concentration disclosed.
Jinxin Technology Holding Co (NAMI) reports board and management changes. Jun Jiang resigned as director, chief financial officer and chief operating officer due to personal reasons, effective September 21, 2026, and the company states his resignation was not related to disagreements over operations, policies or practices.
The remaining directors appointed Fangfang Zhou as chief financial officer, effective the same date; she has been the company’s finance and administration director since April 2014. The company decided not to appoint a new chief operating officer. This report is incorporated by reference into the company’s Form F-3 (File No. 333-292449).
Jinxin Technology Holding Co (NAMI) agreed to acquire the economic interests relating to 40% of HK EDUCATION VISION HOLDING CO., LIMITED’s equity interests in Yuanwei Network Technology (Shanghai) Co., Ltd. under an Economic Interest Transfer Agreement dated September 15, 2026.
The purchase price is RMB14,301,664.20, to be paid by issuing 284,372,086 ordinary shares as consideration to the Seller, with these shares subject to a six‑month lock-up starting on closing. After completion, Jinxin will be entitled to proportionate dividends, residual profit, surplus assets and other economic benefits associated with the acquired economic interests. The transaction has board approval and is expected to close on September 15, 2026, subject to customary conditions.
Wu Capital Limited and Xinyi Cai report beneficial ownership of Jinxin Technology Holding Co ordinary shares. They each beneficially own 153,552,600 ordinary shares, representing 10.79% of the class, held directly by Wu Capital Limited, in which Xinyi Cai owns 100% of the equity interests through a trust for which she acts as settlor.
Beneficial ownership and percentage calculations are based on 1,423,285,396 ordinary shares outstanding as of December 31, 2025, including shares represented by American Depositary Shares. Each ADS represents the right to receive 450 ordinary shares. Both reporting persons have sole voting and dispositive power over the reported shares and no shared power.
Jinxin Technology Holding Company reported that Nasdaq has confirmed the company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Requirement of US$1.00 per share. Nasdaq’s Listing Qualifications Department sent written notification on July 13, 2026, and stated that the deficiency matter is now closed.
The company had previously received a deficiency notice on January 29, 2026 and was granted a 180-day cure period through July 28, 2026. Compliance was achieved after the company’s American depositary shares closed at or above US$1.00 for 10 consecutive business days from June 26, 2026 to July 10, 2026.
Jinxin Technology Holding Co director and CFO/COO Jun Jiang, through his wholly owned entity Light Stream Holdings Ltd., reported open‑market sales totaling 4,075 American depositary shares on June 29, 2026, at per‑share prices including $3.624, $3.659, $3.662, $3.679 and $3.685.
Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company. After these transactions, Light Stream Holdings Ltd. indirectly holds 102,382 American depositary shares.
Jinxin Technology Holding Co director and CFO/COO Jun Jason Jiang reported indirect open-market sales of American depositary shares of NAMI through Light Stream Holdings Ltd., a British Virgin Islands company he wholly owns. On June 26, 2026, Light Stream sold an aggregate of 5,064 American depositary shares in multiple transactions at per-share prices between $3.7170 and $3.8330. Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company. All reported holdings and transactions are indirect, attributed to Light Stream Holdings Ltd.
Jinxin Technology Holding Co director and CFO/COO Jun Jiang, through Light Stream Holdings Ltd., reported indirect transactions in company securities. On June 24, 2026, Light Stream executed two open-market sales totaling 10,000 American depositary shares at $0.197 per ADS. Each ADS represents 18 ordinary shares of Jinxin Technology Holding Company. After these sales, the filing still shows Light Stream with an indirect position of more than 2.7 million ADS, indicating the disposals were small relative to the remaining stake.
Jinxin Technology Holding Co executive Jun Jiang, through Light Stream Holdings Ltd., reported open-market sales of American depositary shares of NAMI.
On June 30, 2026, Light Stream Holdings Ltd. sold 1,000 American depositary shares at $3.637 each and another 1,000 at $3.638 each. These are indirect holdings because Light Stream Holdings Ltd., a British Virgin Islands company, is wholly owned by Jun Jiang.
After the transactions, filings indicate that entities associated with Jun Jiang still hold over 100,000 American depositary shares indirectly. Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company, so the reported sales represent a small portion of the overall indirect position.
Jinxin Technology Holding Co director and CFO/COO Jun Jiang, through Light Stream Holdings Ltd., reported small open-market sales of American depositary shares. On June 29, 2026, Light Stream sold a total of 12 ADS in six transactions at prices between $3.624 and $3.685 per ADS. After these trades, Light Stream indirectly holds 105,457 American depositary shares and 2 ordinary shares. Each ADS represents 18 ordinary shares, and all positions are reported as indirect ownership through Light Stream, which is wholly-owned by Jun Jiang.