NEWLINK TECH (09600) has announced an earnings alert. The group expects to record an annual loss attributable to company owners of no less than RMB 150 million for the year ending December 31, 2025. This compares to an annual loss of RMB 92.5 million for the 2024 fiscal year. The anticipated increase in loss is primarily due to a net increase in expected credit loss provisions for trade receivables and contract assets, as well as a fair value loss on equity investments designated at fair value through profit or loss.