Qian Xun Technology Limited Announces Significant Reduction in Annual Loss and Substantial Revenue Growth for FY2025

Hong Kong – 16 March 2026: Qian Xun Technology Limited (Stock Code: 1640), a company listed on the Hong Kong Stock Exchange, has issued a business update regarding its financial performance for the year ended 31 December 2025. This preliminary update, released in accordance with Hong Kong Listing Rules and the Securities and Futures Ordinance, contains several key developments that may be of interest to shareholders and investors, and could potentially impact the company’s share price.

Key Highlights of the Report

• Substantial Reduction in Net Loss: The company expects to report a loss attributable to owners of between RMB10.0 million and RMB30.0 million for FY2025, a dramatic improvement compared to the loss of approximately RMB123.7 million for the previous year (FY2024).
• Exceptional Revenue Growth: The Group anticipates reporting revenue of not less than RMB1,490.0 million for FY2025, marking a remarkable increase of approximately 317.6% from the RMB356.8 million recorded in FY2024. This surge in revenue was primarily driven by the rapid growth of the pre-owned e-commerce business segment, which alone contributed not less than RMB1,440.0 million.

Details and Factors Affecting Financial Performance

According to management, the significant reduction in net loss and the strong revenue growth are attributed to the following factors:

1. Higher Gross Profit: The pre-owned e-commerce business has been the main growth engine for the Group, not only boosting revenue but also contributing to an increase in gross profit.
2. Lower Provision for Loss Allowance: The Group recorded a decrease in the provision for loss allowance of financial assets, which positively impacted the bottom line.
3. One-Off Non-Recurring Gain: The deconsolidation of an indirect wholly-owned subsidiary resulted in a non-recurring gain, further reducing the overall loss for the year.

Important Information for Shareholders

• Price-Sensitive Information: The scale of improvement in both revenue and loss reduction is highly significant and may be considered price-sensitive. The Group’s transformation from a RMB123.7 million loss to a projected loss of only RMB10.0–30.0 million, alongside revenue growth of over 300%, indicates a substantial turnaround in the company’s financial health.
• Preliminary Data: The figures discussed in this update are based on unaudited management accounts and other currently available information. They are subject to further review by the company’s audit committee and independent auditor, and may change when the final audited results are announced.
• Final Results Announcement: The audited annual results for FY2025 are expected to be released on or before 30 March 2026, in accordance with Listing Rules. Investors should monitor for further updates and exercise caution when trading the company’s securities.

Executive Commentary

As of the date of this announcement, the company’s board comprises Mr. Sun Changpeng (Chairman and Executive Director), Mr. Leng Xuejun, and Mr. Li Tianzi as executive directors, with Ms. Lam Hoi Yan Karen, Mr. Wong Sincere, and Mr. Niu Zhongjie serving as independent non-executive directors.

Potential Impact on Share Price

The combination of a steep reduction in losses, robust revenue growth, and positive one-off items could be viewed positively by the market and potentially support a re-rating of the company’s shares. However, investors should await the release of audited results for precise financial data and further clarity on the company’s outlook.

Disclaimer: This article is based on preliminary unaudited information disclosed by Qian Xun Technology Limited and may be subject to changes following the completion of the audit process. Investors are urged to exercise caution and consult professional advisers before making any investment decisions. The content herein does not constitute investment advice.

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