GL-Carlink Technology (HKG:2531) expects a net profit of between 20 million yuan and 24 million yuan for the year 2025, down 45% to 55% from 44.3 million yuan a year prior, according to a Thursday Hong Kong bourse filing.
Shares of the automotive SaaS provider were down over 1% in Friday afternoon trading.
The firm attributed the forecast to higher selling expenses from an upfront investment in marketing resources, an increased R&D investment, and a rise in exchange losses.
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