CHANJET (01588) Issues Profit Alert, Expects 2025 Profit Attributable to Owners of the Parent to be Between RMB 76 Million and RMB 85 Million, Up 127% to 154% YoY

Stock News
01/13

CHANJET (01588) announced that it expects the group's revenue for 2025 to increase by approximately 14% compared to the previous year, with cloud subscription revenue projected to grow by about 16%. The proportion of cloud subscription revenue to total revenue is anticipated to be no less than 69%. The profit attributable to owners of the parent is expected to be in the range of RMB 76 million to RMB 85 million. This represents a significant increase of 127% to 154% compared to the previous year's figure of RMB 33.46 million. This substantial growth is primarily attributed to the group's steadfast commitment to its long-term strategy of prioritizing cloud service business and subscription models, leading to sustained growth in both revenue and gross profit. Furthermore, the group's continued focus on efficient operations is expected to result in a decrease in the proportion of R&D costs, sales and distribution expenses, and administrative expenses relative to revenue, thereby enhancing overall profitability. During the reporting period, the group's cloud service business added 186,000 new paying enterprise users, a 30% increase year-on-year. By the end of the reporting period, the cumulative number of paying enterprise users for the cloud service business had reached 961,000. The board of directors believes that the group's overall business operations maintain a positive and favorable development trend.

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