Nano Labs 2H 2025 Revenue Up 18.1% to RMB18.7 M; RMB137.7 M Profit
Nano Labs reported 2H 2025 net revenue rose 18.1% to RMB18.7 million and swung to a net income of RMB137.7 million from a RMB60.4 million loss, driven by a RMB130.0 million cryptocurrency fair value gain. The company held 126,662 BNB and authorized a US$25.0 million share repurchase.
1. Financial Performance Turnaround
In the six months ended December 31, 2025, net revenue increased 18.1% to RMB18.7 million from RMB15.9 million a year earlier, while the company moved from a RMB60.4 million net loss to a RMB137.7 million net profit, with a gross loss of RMB29.1 million versus a prior gross profit of RMB11.6 million.
2. Crypto Asset Gains and BNB Reserve
A RMB130.0 million gain from fair value changes in cryptocurrencies, driven by rising BNB prices, transformed results; as of December 31, 2025, Nano Labs held 126,662 BNB and a receivable for 3,338 BNB collateral to support its crypto treasury strategy.
3. Product Development and Strategy
In March 2026, Nano Labs launched the iPollo ClawPC A1 Mini to support its Open Claw AI Agent system, with plans to introduce the Claw OS and additional hardware to expand full-chain services for AI Agents and capitalize on Web 3.0 to Web 4.0 transitions.
4. Share Repurchase and Capital Operations
The company completed two financing rounds in 2025 to back its strategic transformation and reserve expansion, and in October 2025 initiated a US$25.0 million share repurchase program, signaling management confidence and aiming to enhance shareholder value through steady long-term buybacks.