Rongta Technology (HKG:9881) expects net profit of not less than 3 million yuan for 2025, compared with 41.3 million yuan a year earlier, according to a March 6 Hong Kong bourse filing.

The provider of identification and data capture solutions attributed the expected decline mainly to lower revenue following delays in government policy implementation and changes in procurement plans by certain customers.

Profit was also affected by higher general and administrative expenses, including one-off listing costs related to the company's Hong Kong listing in June 2025, as well as increased staff costs and higher selling and marketing expenses linked to expanded e-commerce activities.