LINEKONG Issues Profit Warning, Anticipates Narrowed Annual Loss Attributable to Shareholders

Stock News03-26

LINEKONG (08267) has announced that, based on a further assessment of the group's unaudited consolidated management accounts for the 2025 fiscal year and currently available information, it expects to record a loss attributable to the company's owners of approximately RMB 10.3 million for the 2025 fiscal year. This represents a decrease of approximately 64.5% compared to the loss attributable to owners of approximately RMB 29 million for the 2024 fiscal year. The board of directors believes that the anticipated reduction in the loss attributable to owners for 2025, compared to 2024, is primarily due to gains recognized from the sale of a portion of the group's cryptocurrency holdings. This was partially offset by losses on cryptocurrency holdings, including impairment charges, and the group's ongoing efforts to control costs and reduce expenditures. The group's cryptocurrency holdings are accounted for as intangible assets using the cost model, with gains or losses recognized upon disposal. The group has disposed of a small amount of Bitcoin and has adjusted its cryptocurrency investment portfolio, which consists of Bitcoin, Ethereum, and Solana.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment