Lingxiong Technology (02436) announces profit, with an estimated annual net profit of about 10 to 13 million yuan in 2025.

Lingxiong Technology (02436) announced that the Group expects to turn loss into profit for the year ending December 31, 2025, with the net loss of approximately RMB 58.3 million in 2024 turning into a net profit ranging from RMB 10 million to 13 million for the current year. The Group also expects to achieve an adjusted profit for the current year (a non-international financial reporting standard measurement) ranging from RMB 37 million to 41 million, compared to an adjusted loss of approximately RMB 30.5 million in the same period in 2024. The Board of Directors believes that the turnaround from loss to profit is mainly attributed to the overall increase in the gross profit of all business segments and the continued improvement in operational efficiency.