IMOTIONTECH (01274) announced that the group expects to record a pre-tax loss of approximately RMB 178 million for the six months ending June 30, 2025, compared to a pre-tax loss of approximately RMB 98.6 million for the six months ending June 30, 2024, representing an increase of approximately 80.39%.
The board of directors believes this is primarily due to the combined impact of the following factors: (1) Affected by OEM business demand, the company's revenue distribution is uneven between the first and second halves of the year, with a greater concentration of shipment demand expected to be realized in the second half, resulting in a decrease in first-half revenue compared to the same period last year; (2) The company has further increased its research and development investment in self-developed new products and autonomous driving technology, leading to an increase in R&D expenses.
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