Longcheer Technology Forecasts Q1 Net Profit Attributable to Shareholders at Approximately RMB 15.4 Million

Stock News

04/21

Longcheer Technology (09611) announced that the group anticipates recording a net profit attributable to shareholders of approximately RMB 15.4 million for the three months ending March 31, 2026. This compares to a net profit attributable to shareholders of RMB 154.1 million for the same period in 2025. The expected decrease is primarily attributed to the following factors: (i) a decline in revenue due to weakened demand in the consumer electronics terminal market, (ii) increased costs and expenses resulting from heightened investment in new business areas such as AI-powered personal computers (AIPC) and automotive electronics, and (iii) increased financial costs caused by unfavorable fluctuations in the USD to RMB exchange rate.

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This compares to a net profit attributable to shareholders of RMB 154.1 million for the same period in 2025. 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