Toread issued a profit warning, expecting a net profit attributable to the parent company of 16 million to 22 million yuan in the first half of the year, a decrease of 74.27% to 81.29%
Toread expects its net profit attributable to shareholders in the first half of 2025 to be between 16 million yuan and 22 million yuan, a year-on-year decrease of 74.27% to 81.29%. The net profit after deducting non-recurring gains and losses is expected to be between 12 million yuan and 16 million yuan, a year-on-year decrease of 80.32% to 85.24%. The decline in performance is mainly due to the impact of the market environment on outdoor business, lower-than-expected product sales, increased inventory impairment provisions, and fluctuations in exchange gains and losses in the chip business
According to the Zhitong Finance APP, Toread (300005.SZ) disclosed its performance forecast for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 16 million and 22 million yuan, a year-on-year decrease of 74.27% to 81.29%; the net profit after deducting non-recurring gains and losses is expected to be between 12 million and 16 million yuan, a year-on-year decrease of 80.32% to 85.24%.
The announcement stated that the main reasons for the decline in performance during this reporting period are: first, the outdoor business was affected by market conditions and the pace of new product iterations, leading to lower-than-expected product sales, a decline in revenue during the reporting period, and an increase in inventory impairment provisions, which dragged down profitability; second, although the chip business is developing positively overall, significant fluctuations in foreign exchange gains and losses have negatively impacted performance; these factors combined have led to a decline in performance for this period
