METALIGHT (02605) announced its annual results for the period ending December 31, 2025. The group recorded revenue of RMB 206 million, representing a slight increase of 0.1% year-on-year. Gross profit amounted to RMB 160 million, up 1.5% compared to the previous year. Adjusted net profit was RMB 40.69 million, reflecting a decrease of 22.4% from the prior year.

Against a backdrop of overall caution in industry advertising budgets and heightened competitive pressure on vertical media platforms, the company acknowledged that revenue growth remained limited. It also recognized room for improvement in areas such as advertising inventory monetization efficiency and diversification of its client base.

Mobile advertising services continued to be the primary revenue driver, contributing approximately 97% of the total revenue for the year. The relative concentration of revenue sources remains an area of ongoing focus and improvement for the company.

In terms of core operations, the coverage of the "Che Lai Le" platform expanded from 466 cities and towns at the end of 2024 to 488 by the end of 2025. Cumulative users grew from approximately 298 million to 334 million, while average monthly active users increased from around 29.08 million in 2024 to approximately 30.31 million in 2025. The sustained growth in monthly active users reflects a strengthening user base and engagement, providing potential for future business expansion through continued user conversion.

In the public transportation analytics platform segment, the company expanded its collaboration with transportation agencies, increasing the number of partnered entities from 295 in 2024 to 312 in 2025. The steady growth in user scale and engagement underscores the platform's enduring value to its users.