DEEWIN (02418) issued a profit warning. It is expected that the net profit for the year 2025 will be approximately 45 to 55 million yuan, a decrease of about 65% to 71% compared to the same period last year.

DEEWIN (02418) announces that the Group expects the net profit for the year ending December 31, 2025 to be approximately RMB 45 million to RMB 55 million, a decrease of about 65% to 71% compared to the year ending December 31, 2024. The Group's net profit for the year ending December 31, 2024 was RMB 157 million. The main reasons for the expected decrease in net profit are: intensified competition in the domestic financial leasing and supply chain logistics industries in 2025, to cope with market competition and enhance competitiveness, the Group has increased investment in commercial policy costs, leading to an increase in business costs and a decrease in overall gross profit margin compared to last year; and due to changes in the overall market risk, the Group has prudently increased the general provision for expected credit losses for accounts receivable and specific impairment provisions for individual single customers, thereby impacting the overall performance of the Group's profits.