Coolpad Group (02369) issued a profit warning, expecting the annual loss attributable to shareholders to be approximately HK$105 million to HK$125 million.

Coolpad Group (02369) announced that the company's attributable loss for the year ended December 31, 2024 (prior period) is approximately HK$252 million, and the estimated attributable loss for the year ended December 31, 2025 (2025 financial year) is expected to be between HK$105 million and HK$125 million. The announcement stated that the estimated revenue and gross profit for the 2025 financial year are expected to decrease compared to the prior period, mainly due to: a decrease in revenue of approximately HK$233 million compared to the prior period, mainly due to the intense competition in the smartphone market. In order to improve business efficiency, the group implemented strategic adjustments by voluntarily discontinuing the operation of certain loss-making and low-margin products; a decrease in gross profit of approximately HK$11 million compared to the prior period, mainly due to the group's commitment to sustainable development and deepening relationships with tenants. The group implemented rent concessions for certain tenants in Shenzhen properties to enhance cooperation, expecting to lay a foundation for future revenue stability.