LX Technology (02436) Issues Profit Alert, Anticipates 2025 Net Profit Between RMB 10-13 Million

Stock News
Mar 18

LX Technology (02436) announced that the group expects to return to profitability for the fiscal year ending December 31, 2025. This represents a significant turnaround from a net loss of approximately RMB 58.3 million in 2024 to a projected net profit ranging between RMB 10 million and RMB 13 million for the current year. The group also anticipates achieving an adjusted profit (a non-IFRS measure) for the current year in the range of RMB 37 million to RMB 41 million, compared to an adjusted loss (a non-IFRS measure) of approximately RMB 30.5 million for the same period in 2024. The board of directors attributes this return to profitability primarily to a comprehensive increase in gross profit across all business segments and continuous improvements in operational efficiency.

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