---
title: "Flowing Cloud flags steep 2025 loss on higher impairments and R&D spend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275791938.md"
description: "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."
datetime: "2026-02-12T15:08:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275791938.md)
  - [en](https://longbridge.com/en/news/275791938.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275791938.md)
---

# Flowing Cloud flags steep 2025 loss on higher impairments and R&D spend

### Valentine's Day Sale - 70% Off

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

The latest announcement is out from Flowing Cloud Technology Ltd. ( (HK:6610) ).

Flowing Cloud Technology Ltd. has warned that it expects to post a loss before tax of at least RMB363 million for 2025, a sharp deterioration from the RMB44.85 million loss reported for 2024. The preliminary figures, based on unaudited management accounts, signal mounting financial pressures and will be closely watched by shareholders ahead of the final results due by the end of March 2026.

The deeper loss is largely driven by a surge in impairment losses on trade receivables to no less than RMB110 million, as well as increased selling and distribution expenses of at least RMB130 million tied to heavier marketing outlays. Research and development spending has also risen substantially to no less than RMB230 million, underscoring the group’s push to build its technological reserves even as near-term profitability comes under significant strain.

The most recent analyst rating on (HK:6610) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Flowing Cloud Technology Ltd. stock, see the HK:6610 Stock Forecast page.

**More about Flowing Cloud Technology Ltd.**

Flowing Cloud Technology Ltd. is a Hong Kong-listed company incorporated in the Cayman Islands, operating through subsidiaries and consolidated affiliated entities. The group focuses on technology-driven services and platforms, investing heavily in research and development to expand its technological capabilities and market offerings.

**Average Trading Volume:** 198,252

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$228.2M

### Related Stocks

- [06610.HK](https://longbridge.com/en/quote/06610.HK.md)

## Related News & Research

- [Flowing Cloud Technology Details Board and Committee Structure](https://longbridge.com/en/news/275344318.md)
- [01:00 ETWarwickshire Police Selects NicheRMS365 to Power Smarter, Safer, and More Connected Policing](https://longbridge.com/en/news/286359412.md)
- [Europe-China spacecraft launches to study Earth's 'invisible armour'](https://longbridge.com/en/news/286881963.md)
- [BREAKINGVIEWS-SpaceX seals private market’s triumph over public](https://longbridge.com/en/news/286936344.md)
- [Kasi Cloud Datacenters Commissions West Africa's First Hyperscale-Ready, AI-Capable Data Centre Campus in Lagos](https://longbridge.com/en/news/286958732.md)