Flowing Cloud flags steep 2025 loss on higher impairments and R&D spend
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Flowing Cloud Technology Ltd. (HK:6610) has announced an expected pre-tax loss of at least RMB363 million for 2025, a significant increase from the RMB44.85 million loss in 2024. This deterioration is attributed to higher impairment losses on trade receivables, increased selling and distribution expenses, and rising R&D spending. The company is focusing on building its technological capabilities despite the financial strain. The latest analyst rating for the stock is a Hold with a price target of HK$1.50.
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