---
title: "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%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252184398.md"
description: "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"
datetime: "2025-08-08T08:43:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252184398.md)
  - [en](https://longbridge.com/en/news/252184398.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252184398.md)
---

# 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%

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

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