IBO TECH announced its fiscal year 2025 performance, with a loss attributable to shareholders of approximately 4.02 million yuan, a year-on-year narrowing of 99.5%
IBO TECH announced its performance for the period ending March 31, 2025, with revenue of approximately 19.46 million yuan, a year-on-year decrease of 90.2%. Gross profit was approximately 5.88 million yuan, a year-on-year decrease of 18.1%. The loss attributable to the company's owners was approximately 4.02 million yuan, a year-on-year narrowing of 99.5%. The revenue decline was mainly due to the stagnation of other businesses, and the loss was attributed to unrecognized losses from the termination of a consolidated subsidiary, sales and service costs, financial costs, income tax expenses, and other losses
According to the Zhitong Finance APP, IBO TECH (02708) announced its annual results for the year ending March 31, 2025, with revenue of approximately RMB 19.46 million, a year-on-year decrease of 90.2%. Gross profit was approximately RMB 5.88 million, a year-on-year decrease of 18.1%. The loss attributable to shareholders was approximately RMB 4.02 million, a year-on-year narrowing of 99.5%; loss per share was 0.57 cents.
The announcement stated that the decrease in revenue was mainly due to the stagnation of business in other segments, except for the system maintenance service segment.
The loss was mainly attributed to: (i) no losses from discontinued operations and subsidiaries (2024: approximately RMB 649 million); (ii) costs of sales and services amounting to approximately RMB 13.59 million (2024: approximately RMB 192 million); (iii) financial costs of approximately RMB 10.78 million (2024: approximately RMB 19.61 million); (iv) income tax expenses of approximately RMB 1.46 million (2024: income tax credit of approximately RMB 10.24 million); and (v) net other losses of approximately RMB 1.19 million (2024: approximately RMB 7.21 million)
