CHENQI TECH (09680) expects the annual net comprehensive loss attributable to shareholders to not exceed 320 million yuan, a year-on-year decrease of at least 43.4%.

CHENQI TECH (09680) announced that the group expects (i) to record comprehensive income of not less than RMB 5 billion for the year ending December 31, 2025, representing an increase of not less than RMB 2.5 billion compared to the year ending December 31, 2024, with an increase of no less than 100%; and (ii) to record a net comprehensive loss attributable to equity shareholders of the company of not more than RMB 320 million for the year ending December 31, 2025, compared to a significant decrease of not less than RMB 245 million for the year ending December 31, 2024, with a reduction of no less than 43.4%. According to the information currently available to the board of directors, the increase in the group's income is mainly attributed to the following factors: (1) during the reporting period, the number of orders for the group's ride-hailing services division increased significantly, leading to an increase in revenue compared to the year ending December 31, 2024; and (2) during the reporting period, the group increased its sales and marketing efforts for technical services, resulting in an increase in revenue compared to the year ending December 31, 2024. Based on the information currently available to the board of directors, the decrease in the group's net loss during the reporting period is mainly attributed to the following factors: (1) during the reporting period, the operational efficiency of the group's ride-hailing services division improved, and the cost structure was optimized, leading to a continuous increase in gross profit compared to the year ending December 31, 2024; (2) during the reporting period, the volume of business for the group's technical services increased, resulting in a corresponding increase in gross profit compared to the year ending December 31, 2024; (3) during the reporting period, the group's administrative expenses decreased due to economies of scale resulting from business expansion; and (4) after the company completed its initial public offering, the group's convertible redeemable preferred shares and other financial liabilities issued to investors were converted into common shares, eliminating the responsibility to pay further interest on such instruments during the reporting period, resulting in a decrease in financial costs.