NEWLINK TECH (09600) issued a profit warning, expecting a net loss of no less than 150 million yuan in the 2025 financial year.

19:49 12/03/2026

Xinny Tech (09600) announced that it is expected to incur a net loss attributable to the company's owners of RMB 92.5 million in the fiscal year ending in 2024. The group is expected to incur a net loss of no less than RMB 150 million in the fiscal year ending on December 31, 2025. This is mainly due to an increase in expected credit loss allowances for trade receivables and contract assets, as well as losses from fair value changes in equity investments recognized in profit or loss.

NEWLINK TECH (09600) announced that it is expected to incur a net loss of RMB 92.5 million for the year ended 2024, attributable to the owners of the company. The group is expected to incur a net loss of not less than RMB 150 million for the year ended December 31, 2025, attributable to the owners of the company. This is mainly due to an increase in the provision for expected credit losses on trade receivables and contract assets, as well as a loss in the fair value of equity investments recognized in profit or loss.

CHI MER LAND (00978) announced its annual performance, with a net loss attributable to shareholders of 2.201 billion yuan, an increase of 18.93% year-on-year.

Xiamen Solex High-Tech Industries (603992.SH): Songlin Investment plans to increase its stake in the company by 20 million to 40 million yuan.

Termination of Subscription Agreement for METASPACEX (01796)

CHI MER LAND (00978) announced its annual performance, with a net loss attributable to shareholders of 2.201 billion yuan, an increase of 18.93% year-on-year.

Xiamen Solex High-Tech Industries (603992.SH): Songlin Investment plans to increase its stake in the company by 20 million to 40 million yuan.

Termination of Subscription Agreement for METASPACEX (01796)