Zhi Xing Technology (01274.HK) is expected to incur pre-tax losses in the mid-term.

date
15/08/2025
Intelligence Financial News App, ZhiXing Technology (01274.HK) announced that the group is expected to incur a pre-tax loss of approximately 178 million RMB for the six months ending on June 30, 2025, compared to a pre-tax loss of approximately 98.6 million RMB for the six months ending on June 30, 2024, an increase of about 80.39%. The Board of Directors believes that the main factors contributing to this are as follows: (1) Influenced by the demand of the host plant business, the company's income is unevenly distributed between the first and second halves of the year, with more shipping demand concentrated in the second half of the year, resulting in a decrease in income in the first half of the year compared to the same period last year; (2) The company further increased its investment in research and development of self-developed new products and autonomous driving technology, leading to an increase in research and development expenses.