Hongquan Internet of Things: It is expected that the net profit will be 33 million yuan in the first half of 2025, turning losses into profits year-on-year.

Hongquan Internet of Things announced that it is expected to achieve operating income of approximately 330 million yuan in the first half of 2025, an increase of about 86.4591 million yuan compared to the same period last year, representing a year-on-year growth of around 35.50%. The net profit attributable to the owners of the parent company is expected to be around 33 million yuan, turning from a loss to a profit compared to the same period last year. The net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, is expected to be around 27 million yuan, also turning from a loss to a profit compared to the same period last year. In the same period last year, the net profit attributable to the owners of the parent company was -18.2161 million yuan, and the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, was -20.3923 million yuan.