COOLPAD GROUP (02369) has announced an anticipated net loss attributable to company owners for the fiscal year ending December 31, 2025. The projected loss is estimated to be between approximately HK$105 million and HK$125 million. This compares to a net loss attributable to owners of approximately HK$252 million for the prior year ended December 31, 2024.

The company stated that both revenue and gross profit for the 2025 fiscal year are expected to decrease compared to the previous period. The primary reason for the decline is a reduction in the group's revenue by approximately HK$233 million. This decrease is attributed to intense competition in the smartphone market. To enhance operational efficiency, the group implemented strategic adjustments, including the proactive termination of certain unprofitable products and those with negative gross margins.

Additionally, the group's gross profit for the 2025 fiscal year is expected to decrease by approximately HK$11 million compared to the prior year. This reduction is mainly due to rental concessions granted to tenants of certain Shenzhen properties. This initiative, aligned with the group's commitment to sustainable development and strengthening tenant relationships, aims to foster long-term cooperation and is expected to lay a foundation for future earnings stability.