NEWLINK TECHNOLOGY (09600) announced its financial results for 2025. Revenue reached approximately 309 million yuan, representing a year-on-year increase of 10.73%. However, the loss attributable to the company's owners was approximately 188 million yuan, a significant increase of 103.26% compared to the previous year. The loss per share was 20.04 fen.

In 2025, despite an improvement in both revenue and gross profit, the group's overall loss widened by 95.3 million yuan compared to 2024. This was primarily due to three factors: a substantial year-on-year increase of 54.9 million yuan in expected credit loss provisions for trade receivables, contract assets, and other receivables; an impairment loss of 17.8 million yuan on newly acquired property, plant and equipment, right-of-use assets, and intangible assets; and a significant year-on-year increase of 14.2 million yuan in losses arising from fair value changes of equity investments measured at fair value through profit or loss.