Qian Xun Technology Forecasts Sharply Reduced 2025 Loss on Surging Pre-Owned E-Commerce Revenue

The latest announcement is out from Ruicheng (China) Media Group Limited ( (HK:1640) ).

Qian Xun Technology Limited, a Hong Kong-listed Cayman Islands company, has increasingly centered its business on pre-owned e-commerce, which now dominates its revenue mix. The group leverages its technology and platform capabilities to grow this resale-focused segment, while also managing its portfolio of subsidiaries and financial assets to support a more sustainable operating model.

For the year ended 31 December 2025, the group expects to sharply narrow its loss attributable to owners to between RMB10 million and RMB30 million, from RMB123.7 million a year earlier, on revenue of at least RMB1,490 million, up 317.6% year on year. Management attributes the improvement to a strong gross profit contribution from the pre-owned e-commerce business, reduced provision for loss allowances on financial assets and a one-off gain from deconsolidating an indirect wholly owned subsidiary, signaling both operational momentum and balance-sheet cleanup ahead of the audited results due at the end of March 2026.

The preliminary figures indicate that Qian Xun’s pivot toward pre-owned e-commerce is materially reshaping its financial profile, with rapid top-line expansion helping to absorb past losses and non-core charges. While the results remain subject to audit review and may change, the update suggests a potential inflection point for shareholders, although the company cautions investors to remain prudent when trading its shares pending the final numbers.

The most recent analyst rating on (HK:1640) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Ruicheng (China) Media Group Limited stock, see the HK:1640 Stock Forecast page.

More about Ruicheng (China) Media Group Limited

Qian Xun Technology Limited is a Cayman Islands-incorporated company listed in Hong Kong that operates pre-owned e-commerce and related technology businesses. The group’s core revenues increasingly come from its pre-owned e-commerce segment, reflecting a strategic focus on scaling digital resale and circulation of consumer goods in mainland China and potentially broader regional markets.

The company’s operations are organized through various subsidiaries, and its financial performance is closely tied to the growth, profitability and asset quality of this e-commerce platform, as well as to corporate actions such as restructuring and deconsolidation of underperforming units. Its listed status on the Stock Exchange of Hong Kong subjects it to ongoing disclosure and reporting obligations under local securities laws and listing rules.

Average Trading Volume: 496,473

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.65B

See more data about 1640 stock on TipRanks’ Stock Analysis page.