XTALPI (02228) announces a happy profit forecast. It is expected that the after-tax profit and profit attributable to company equity holders in 2025 will be no less than 1 billion yuan, and the company will achieve a full-year profit for the first time.

XTALPI (02228) announced that the Group expects its after-tax profit and profit attributable to equity holders in 2025 to be no less than RMB 100 million, turning losses into profits year-on-year, achieving full-year profitability for the first time. The announcement states that the expected turnaround in profits is mainly attributed to: a significant increase in revenue to no less than RMB 780 million in the 2025 fiscal year, an annual increase of at least about 193%, narrowing the losses of the Group's core businesses (i.e. intelligent Siasun Robot & Automation solutions and drug discovery solutions) compared to the 2024 fiscal year; a substantial increase in the fair value gain on financial assets measured at fair value through profit or loss, with a net fair value gain of no less than RMB 500 million in the 2025 fiscal year, compared to an increase of at least about 1,876% from approximately RMB 25.30 million in the fair value gain on financial assets measured at fair value through profit or loss in the 2024 fiscal year; and no fair value loss on convertible redeemable preferred shares in the 2025 fiscal year. The Company incurred a fair value loss on convertible redeemable preferred shares of approximately RMB 875.4 million in the 2024 fiscal year.