BRIGHT FUTURE (01351) Issues Profit Warning, Expects H1 Loss of At Least RMB 1.65 Million, Turning from Profit to Loss Year-over-Year

Stock News
Aug 14

BRIGHT FUTURE (01351) announced that the group expects to record a loss attributable to owners of not less than approximately RMB 1.65 million for the first half of 2025, representing a decrease of approximately 147% compared to the profit attributable to owners of approximately RMB 3.54 million for the same period in 2024.

According to the announcement, the decrease in profit was mainly due to the group's increased investment in artificial intelligence and other advanced technologies to enhance customer experience and improve operational efficiency, resulting in higher research and development expenses, which led to an increase in the group's general and administrative expenses. Additionally, the group's active expansion and development of new businesses resulted in increased office expenses and other costs.

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