Chenqi Technology (SEHK:9680) Loss Narrowing In 1H 2025 Tests Persistent Bearish Narratives

Simply Wall St.

04/03

Chenqi Technology (SEHK:9680) has reported its FY 2025 first half results with revenue of C¥1.7b and a net loss of C¥124.9m, translating to basic EPS of C¥0.64 loss per share. Over the past three ...

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Over the past three ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/transportation/hkg-9680/chenqi-technology-shares/news/chenqi-technology-sehk9680-loss-narrowing-in-1h-2025-tests-p\">网页链接</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chenqi Technology (SEHK:9680) Loss Narrowing In 1H 2025 Tests Persistent Bearish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChenqi Technology (SEHK:9680) Loss Narrowing In 1H 2025 Tests Persistent Bearish Narratives\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Simply Wall St.</strong><span class=\"h-time small\">2026-04-03 01:38</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Chenqi Technology (SEHK:9680) has reported its FY 2025 first half results with revenue of C¥1.7b and a net loss of C¥124.9m, translating to basic EPS of C¥0.64 loss per share. Over the past three ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/transportation/hkg-9680/chenqi-technology-shares/news/chenqi-technology-sehk9680-loss-narrowing-in-1h-2025-tests-p\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://simplywall.st/stocks/hk/transportation/hkg-9680/chenqi-technology-shares/news/chenqi-technology-sehk9680-loss-narrowing-in-1h-2025-tests-p\">Simply Wall St.</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09680","symbol_name":"如祺出行","start_time":0,"source_url":"https://simplywall.st/stocks/hk/transportation/hkg-9680/chenqi-technology-shares/news/chenqi-technology-sehk9680-loss-narrowing-in-1h-2025-tests-p","article_id":"2624397680","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3242000-choice2-main-header/1585186741316"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/transportation/hkg-9680/chenqi-technology-shares/news/chenqi-technology-sehk9680-loss-narrowing-in-1h-2025-tests-p","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624397680","pubTimestamp":1775151499,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Chenqi Technology (SEHK:9680) has reported its FY 2025 first half results with revenue of C¥1.7b and a net loss of C¥124.9m, translating to basic EPS of C¥0.64 loss per share. Over the past three reported half year periods, revenue has moved from C¥1.0b in 1H 2024 to C¥1.4b in 2H 2024 and C¥1.7b in 1H 2025. Over the same periods, basic EPS losses shifted from C¥3.67 to C¥1.21 and then to C¥0.64. These changes may influence how investors assess the pace at which margins are stabilizing.\nSee...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"09680":"如祺出行","BK1255":"旅客陆运"},"translate_title":"晨起科技(SEHK：9680)2025年上半年亏损收窄考验持续看跌叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09680":0.9},"content_text":"Chenqi Technology (SEHK:9680) has reported its FY 2025 first half results with revenue of C¥1.7b and a net loss of C¥124.9m, translating to basic EPS of C¥0.64 loss per share. Over the past three reported half year periods, revenue has moved from C¥1.0b in 1H 2024 to C¥1.4b in 2H 2024 and C¥1.7b in 1H 2025. Over the same periods, basic EPS losses shifted from C¥3.67 to C¥1.21 and then to C¥0.64. These changes may influence how investors assess the pace at which margins are stabilizing. See our full analysis for Chenqi Technology. With the headline numbers on the table, the next step is to see how these results line up with the dominant market narratives around Chenqi Technology and where those stories might be out of sync with the latest margin picture. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:9680 Earnings & Revenue History as at Apr 2026 AdvertisementLosses Narrow To C¥293.0m On TTM Basis  On a trailing twelve month basis to 2H 2025, Chenqi Technology reports total revenue of C¥5.3b and a net loss of C¥293.0m, compared with a net loss of C¥563.0m on the trailing period to 2H 2024. Bears often focus on the business being unprofitable. However, the five year trend of losses shrinking by 18.5% per year sits alongside the latest trailing loss of C¥293.0m, which is materially smaller than the C¥562.985m loss in the trailing period to 2H 2024.\n     This combination of a C¥5.3b revenue base on the latest trailing data and a reduced loss compared with the prior trailing period challenges a purely bearish view that the business is stuck at heavy loss levels. At the same time, the fact that trailing EPS is still a loss of C¥1.49 per share means critics pointing out the absence of current profitability still have concrete numbers to point to.    Half Year Loss Tightens From C¥330.5m To C¥124.9m  Across the last three reported half year periods, net loss moved from C¥330.5m in 1H 2024 to C¥232.5m in 2H 2024 and then to C¥124.9m in 1H 2025, while revenue over those halves was C¥1.0b, C¥1.4b and C¥1.7b respectively. From a more bullish angle, the five year annual loss reduction of 18.5% lines up with this sequence of half year net losses, even though the company still reports a loss in each period.\n     Bulls arguing that the core business is moving toward better margin performance can point to losses that have become smaller in absolute terms while revenue across these halves grew from C¥1.0b to C¥1.7b. However, anyone leaning bullish also needs to recognise that basic EPS stayed negative in every half, from a loss of C¥3.67 per share in 1H 2024 to a loss of C¥0.64 per share in 1H 2025, so the path to actual profitability is not yet visible in the figures provided.    P/S Ratio Of 0.3x Versus Industry At 0.9x  Chenqi Technology currently trades on a P/S ratio of 0.3x, compared with the Asian Transportation industry average of 0.9x and a peer average of 2.0x. For investors thinking in more bearish terms, the low 0.3x P/S ratio can either be read as a valuation discount or as the market pricing in ongoing losses, because the company is still unprofitable on a trailing twelve month basis despite the five year 18.5% annual reduction in losses.\n     If the low multiple is mostly about concern over current loss making status, then bears arguing that profitability risk deserves a discount find support in the trailing net loss of C¥293.0m and trailing EPS loss of C¥1.49 per share. On the other hand, investors who see the P/S gap versus the 0.9x industry level as a potential value angle would still need more information on future revenue or margin trends before treating the discount as an opportunity instead of a warning sign.    For a fuller picture of how these earnings trends and valuation metrics fit together with business quality checks and other fundamentals, it is worth reviewing a broader breakdown of Chenqi Technology alongside peers through a dedicated screener for fundamentals focused investors, such as a solid balance sheet and fundamentals stocks screener (381 results) Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Chenqi Technology's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. If this mix of improving losses and a low P/S ratio leaves you unsure, act while the information is fresh. Review the supporting data to form your own view, then take a closer look at the 1 key reward. See What Else Is Out There Chenqi Technology is still reporting losses and trades on a low 0.3x P/S ratio, which may signal ongoing profitability concerns rather than a clear opportunity. If you want ideas where lower perceived risk is more central to the story, move quickly and scan companies in the 275 resilient stocks with low risk scores that might better match your comfort level.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}