Dida Inc. Issues Profit Warning for FY2025: Significant Declines in Revenue and Profit Expected

Key Points of the Profit Warning Announcement

• Substantial Decline in Revenue: Dida Inc. anticipates revenue for the year ended December 31, 2025 to be in the range of RMB477.3 million to RMB527.6 million, down from RMB787.2 million in FY2024. This represents a year-on-year decrease of approximately 33% to 39%.
• Sharp Drop in Profit: Profit attributable to equity shareholders for FY2025 is expected to fall to RMB123.3 million to RMB136.3 million, compared to RMB1,004.3 million in FY2024. This is an 86% to 88% decline.
• Lower Adjusted Net Profit: Adjusted net profit (excluding share-based payment expenses, listing expenses, and changes in fair value of the convertible redeemable preferred shares) is projected at RMB131.0 million to RMB144.8 million, versus RMB211.4 million in the prior year—a decrease of 32% to 38%.

Factors Contributing to Financial Decline

The Board attributes these declines primarily to:

• Pricing Pressure and Macroeconomic Conditions: Ongoing negative macroeconomic trends and intensified competition in the mobility industry have exerted significant pricing pressure. These factors have led to fewer carpooling activities and a reduction in completed orders, directly impacting the Group’s financial performance.
• Absence of Preferred Shares Impact: The profit figure for FY2024 was positively affected by a significant change in the fair value of Preferred Shares, which the Company no longer holds in 2025. This absence has resulted in a less favorable profit comparison for FY2025.

Shareholder Information & Price Sensitivity

Potential Impact on Share Value:
These figures signal a major deterioration in both revenue and profitability, which are likely to be highly price-sensitive. Investors should note that such dramatic declines may influence the market perception of Dida Inc.’s growth prospects and competitive position, potentially leading to share price volatility.

Finalization of Results:
The FY2025 figures are based on preliminary unaudited management accounts. The Group is still finalizing its annual results, which may be subject to adjustments. The audited financial results will be announced in due course.

Caution Advised:
Shareholders and potential investors are urged to exercise caution when dealing in the Company’s shares, given the magnitude of the expected declines and the preliminary nature of the figures.

Board and Management Details

As of the announcement date, the Board of Dida Inc. consists of Mr. SONG Zhongjie (Chairman, CEO, and Executive Director), Mr. LI Jinlong, Mr. DUAN Jianbo, and Mr. LI Yuejun as executive Directors; and Mr. LI Feng, Mr. LI Jian, and Ms. WU Wenjie as independent non-executive Directors.

Conclusion

The announcement constitutes material inside information and is likely to affect investor sentiment and share price. The scale of the declines in revenue and profit, along with the underlying macroeconomic and industry-specific pressures, merit careful consideration for all stakeholders.

Disclaimer: The information provided herein is based on preliminary unaudited figures and may be subject to change upon finalization and auditor review. Investors should rely on official audited results and exercise independent judgment. This article does not constitute investment advice.

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