Chenqi Technology Forecasts Revenue Surge and Sharply Lower Loss for 2025

Chenqi Technology Ltd. ( (HK:9680) ) just unveiled an announcement.

Chenqi Technology Limited has issued a positive profit alert, indicating that revenue for 2025 is expected to reach at least RMB5 billion, more than doubling from 2024, driven by a sharp increase in ride-hailing orders and intensified sales of technical services. The company also forecasts a markedly narrower net loss of no more than RMB320 million, as higher gross profit from both mobility and technical services, reduced administrative expenses from economies of scale, and lower finance costs after converting preferred shares to ordinary shares are set to improve its financial position and potentially strengthen investor confidence.

The improvement in operating efficiency within the ride-hailing segment and optimization of the cost structure are central to the projected loss reduction, highlighting progress toward sustainable profitability. With the conversion of pre-IPO financial instruments eliminating related interest payments, Chenqi is easing its financing burden, which may enhance its competitiveness in the Chinese mobility and tech services market as it continues to expand its business volume.

The most recent analyst rating on (HK:9680) stock is a Sell with a HK$8.00 price target. To see the full list of analyst forecasts on Chenqi Technology Ltd. stock, see the HK:9680 Stock Forecast page.

More about Chenqi Technology Ltd.

Chenqi Technology Limited, listed in Hong Kong, operates a mobility services segment focused on ride-hailing and provides technical services. The group targets growing demand for transportation and technology solutions in mainland China, leveraging scale and improved operating efficiency following its initial public offering.

Average Trading Volume: 14,724

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.8B

For a thorough assessment of 9680 stock, go to TipRanks’ Stock Analysis page.