Chenqi Technology (HKG:9680) expects an attributable loss of up to 320 million yuan for the year 2025, at least 43% narrower than a year prior, according to a Tuesday Hong Kong bourse filing.

Revenue for the year is anticipated to increase by at least 100% to 5 billion yuan or more.

The Chinese ride-hailing company attributed the forecast to a higher gross profit from the mobility and technical services segments, lower administrative expenses, and a drop in finance costs.