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