Dida (HKG:2559) expects profit attributable to equity shareholders of 123.3 million yuan to 136.3 million yuan for 2025, representing a decline of 86% to 88% from 1 billion yuan a year earlier, according to a March 6 Hong Kong bourse filing.

Shares of the carpooling marketplace and smart taxi service provider were down 7% in Monday's late morning trade.

Revenue is expected to reach 477.3 million yuan to 527.6 million yuan, representing a year-on-year decrease of 33% to 39% from 787.2 million yuan in 2024.

The company attributed the expected decline to pricing pressure from weak macroeconomic conditions and intensified competition in the mobility industry, which led to fewer carpooling activities and lower completed orders.