Coolpad forecasts FY2025 loss attributable to owners at HKD 105-125 million

Reuters03-13
Coolpad forecasts FY2025 loss attributable to owners at HKD 105-125 million

Coolpad expects a FY2025 loss attributable to owners of HKD 105-125 million, versus HKD 252 million in FY2024. Revenue in FY2025 is expected to fall by about HKD 233 million after the group ceased certain loss-making and negative gross profit products. Gross profit is expected to decline by about HKD 11 million due to rental concessions for some Shenzhen tenants. Administrative expenses are expected to drop by about HKD 55 million following cost-control measures. Other income and gains are expected to rise by about HKD 168 million, driven by disposal gains from the CLSK investment and income from transferring certain patent rights.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coolpad Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260313-12052181), on March 13, 2026, and is solely responsible for the information contained therein.

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