GEEKPLUS-W (02590) is expected to achieve a net profit of approximately RMB 25 million to RMB 45 million in 2025, reversing losses to profits year-on-year.

GEEKPLUS-W (02590) announced that the group is expected to generate revenue of approximately RMB 3.14 billion to 3.18 billion in 2025, representing a year-on-year increase of about 30% to 32%. It is expected that the net loss attributable to shareholders of the company will be approximately RMB 30 million to 10 million, a decrease of about 96% to 99% year-on-year. The expected adjusted net profit for the reporting period is approximately RMB 25 million to 45 million, while in the same period of 2024, the adjusted net loss was approximately RMB 92 million. The announcement stated that the increase in revenue is mainly due to the completion of more deliveries of the warehouse mobile Siasun Robot & Automation solution during the reporting period, resulting in revenue growth. The turnaround from adjusted net loss to adjusted net profit is mainly due to further enhancement of the warehouse mobile Siasun Robot & Automation solution business, leading to an increase in revenue and consequently an increase in gross profit.