Shares of Beijing Geekplus Technology Co., Ltd. (GEEKPLUS-W, 02590) surged 5.13% in Tuesday's pre-market trading following the company's release of an optimistic financial forecast for the first half of 2025. The robotics and AI-driven logistics solutions provider anticipates substantial revenue growth and significantly narrowed losses, signaling a potential turnaround in its financial performance.
According to the forecast, Geekplus expects H1 2025 revenue to range between RMB995 million and RMB1,030 million, representing a year-over-year increase of 27% to 32%. This growth is primarily attributed to increased deliveries of the company's warehouse fulfillment AMR (Autonomous Mobile Robot) solutions. Additionally, the company projects a notable improvement in its bottom line, with the net loss expected to narrow by approximately 90% to 92%, falling between RMB45 million and RMB55 million.
Investors seem particularly encouraged by the company's non-IFRS adjusted net loss forecast, which is expected to narrow by 90% to 95%, reaching between RMB10 million and RMB20 million. This substantial reduction in losses, coupled with strong revenue growth, suggests that Geekplus is making significant strides towards profitability. The company plans to release its official interim results by the end of August 2025, and has advised shareholders and potential investors to exercise caution when dealing with its securities, as final results may be subject to adjustments.