GL-Carlink Technology's Revenue Slides 6.8% in Q1

MT Newswires Live

2025/05/12

GL-Carlink Technology (HKG:2531) recorded a 6.8% decline in attributable profit for the first quarter of 2025 to 138 million yuan from 148 million yuan previously, a May 9 Hong Kong bourse filing said.

Of this, the revenue of the automotive SaaS provider's software and services business rose by around 14%.

The higher revenue from the software and service business came about as the firm focused on the expansion of the business wing amid a rise in demand for software and services by vehicle manufacturers.

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