Bright Future Technology Holdings Limited (Stock Code: 01351) has warned shareholders and potential investors of a substantial year-on-year deterioration in its bottom line. Based on a preliminary review of unaudited management accounts for the year ended 31 December 2025, the Group anticipates a loss attributable to owners of not less than RMB50.00 million, compared with a RMB6.49 million loss for FY2024.

Management attributes the projected setback to three main factors:

1. Higher advertising traffic costs amid shifts in the economic environment and changes in an advertising platform’s policies, compressing gross profit.

2. Termination of business with a customer, leading to impairment losses on financial assets and a rise in expected credit losses for trade and other receivables.

3. Allocation of previously repurchased treasury shares to employees under the share award scheme, which increased share-based compensation expenses.

The Board noted that final audited results are still being prepared and are scheduled for release in late March 2026. Figures disclosed may be subject to adjustment following review by the audit committee and external auditors.

The company advises caution when dealing in its securities until the audited results are published.