CARLINK TECH Issues Profit Warning, Forecasts Annual Net Profit Between RMB 20-24 Million

Stock News
Mar 19

CARLINK TECH (02531) has announced that the group expects to record a net profit of approximately RMB 20 million to RMB 24 million for the fiscal year ending December 31, 2025. This compares to a net profit of approximately RMB 44.3 million reported for the year ended December 31, 2024, representing a decrease of about 45% to 55%.

The projected decline in the group's unaudited comprehensive profit for the current year is primarily attributable to several factors. Significant upfront marketing resources were allocated to expand the new energy customer base and increase the number of offline stores, which broadened market coverage and enhanced brand influence but led to higher selling expenses. Furthermore, the company increased its research and development investment to support the implementation of new business scenarios. Additionally, exchange losses incurred by the company were higher than the same period last year due to exchange rate fluctuations during the reporting period, which further impacted the net profit level.

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