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The latest announcement is out from Flowing Cloud Technology Ltd. ( (HK:6610) ).
Flowing Cloud Technology Ltd. has warned that it expects to post a loss before tax of at least RMB363 million for 2025, a sharp deterioration from the RMB44.85 million loss reported for 2024. The preliminary figures, based on unaudited management accounts, signal mounting financial pressures and will be closely watched by shareholders ahead of the final results due by the end of March 2026.
The deeper loss is largely driven by a surge in impairment losses on trade receivables to no less than RMB110 million, as well as increased selling and distribution expenses of at least RMB130 million tied to heavier marketing outlays. Research and development spending has also risen substantially to no less than RMB230 million, underscoring the group’s push to build its technological reserves even as near-term profitability comes under significant strain.
The most recent analyst rating on (HK:6610) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Flowing Cloud Technology Ltd. stock, see the HK:6610 Stock Forecast page.
More about Flowing Cloud Technology Ltd.
Flowing Cloud Technology Ltd. is a Hong Kong-listed company incorporated in the Cayman Islands, operating through subsidiaries and consolidated affiliated entities. The group focuses on technology-driven services and platforms, investing heavily in research and development to expand its technological capabilities and market offerings.
Average Trading Volume: 198,252
Technical Sentiment Signal: Sell
Current Market Cap: HK$228.2M
For detailed information about 6610 stock, go to TipRanks’ Stock Analysis page.