Toread expects a net profit attributable to shareholders of 30 million to 36 million yuan in the first three quarters, a year-on-year decrease of 64.62% to 70.51%
Toread expects its net profit attributable to shareholders for the first three quarters of 2025 to be between 30 million and 36 million yuan, a year-on-year decrease of 64.62% to 70.51%. The net profit after deducting non-recurring gains and losses is expected to be between 25 million and 29 million yuan, a year-on-year decrease of 68.20% to 72.59%. The decline in performance is mainly due to the impact of the market environment on the outdoor business and lower-than-expected sales of new products. Although the chip business is developing well, foreign exchange gains and losses have dragged down performance
According to the Zhitong Finance APP, Toread (300005.SZ) disclosed its performance forecast for the first three quarters of 2025. The company expects a net profit attributable to shareholders of the listed company to be between 30 million and 36 million yuan, a year-on-year decrease of 64.62% to 70.51%; the net profit after deducting non-recurring gains and losses is expected to be between 25 million and 29 million yuan, a year-on-year decrease of 68.20% to 72.59%.
The main reasons for the decline in the company's performance during this reporting period are: first, the outdoor business was affected by market conditions and the pace of new product iterations, resulting in product sales falling short of expectations; second, while the chip business is developing positively overall, foreign exchange gains and losses have negatively impacted performance; these factors combined have led to a decline in performance for this period
