KINGWISOFT TECH issued a profit warning, expecting an annual net loss attributable to owners of no more than approximately 210 million yuan
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KINGWISOFT TECH expects an annual net loss of no more than approximately 210 million yuan for the year ending March 31, 2025, an increase from approximately 197.4 million yuan for the same period in 2024. The increase in losses is mainly due to the company's proactive expansion of personnel, equipment, and environment in response to the business transformation brought about by new technologies such as artificial intelligence, as well as increased investment in research and development, leading to rising costs and a decline in gross margin
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