LINEKONG Issues Profit Warning, Anticipates Adjusted Net Loss of RMB 1.9-2.1 Million for 2025

Stock News03-24

LINEKONG Interactive (08267) has announced that the group expects to report an adjusted net loss (a non-IFRS measure) of approximately RMB 1.9 million to RMB 2.1 million for the year ending December 31, 2025. This represents a significant narrowing of about 84.3% to 85.8% compared to the adjusted net loss of approximately RMB 13.4 million recorded for the year ended December 31, 2024.

Additionally, the group anticipates revenue for the 2025 fiscal year to be in the range of RMB 39.3 million to RMB 43.4 million. This is a decrease of approximately 70.3% to 73.1% compared to the revenue of about RMB 146 million achieved in 2024.

The board of directors attributes the projected revenue decline primarily to the project cycle impact within the group's film and television business. Despite the lower revenue, the expected reduction in the adjusted net loss is mainly due to returns generated from holding cryptocurrency. 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