METALIGHT (02605) announced its annual performance, with adjusted net profit of 40.69 million yuan.

METALIGHT (02605) announced its annual performance as of December 31, 2025. The group achieved revenue of 206 million yuan (in the same unit), an increase of 0.1% year-on-year; gross profit of 160 million yuan, an increase of 1.5% year-on-year; adjusted net profit of 40.69 million yuan, a decrease of 22.4% year-on-year. Against the background of the overall cautious trend in industry advertising budgets and greater competition pressure on vertical media platforms, revenue did not achieve effective growth, and the company is aware of this. At the same time, the company also recognizes that there is still room for improvement in terms of advertising inventory monetization efficiency and customer structure diversification. Mobile advertising services contributed approximately 97% of revenue for the year, and the relatively concentrated revenue structure is a topic that the company continues to focus on and strive to improve. In terms of core user base: The number of cities covered by the Chelaile platform increased from 466 at the end of 2024 to 488 cities and towns, with cumulative users increasing from about 298 million to 334 million, and average monthly active users increasing from about 29.08 million in 2024 to about 30.31 million in 2025. The continuous growth in monthly active users reflects the further strengthening of the platform's user base and usage stickiness, while the continued conversion of new users also reserves a certain space for the company's future business growth. In the public transportation analysis platform business, the company continues to expand its cooperation with more transportation agencies, increasing the number of cooperating transportation entities from 295 in 2024 to 312. The continuous growth in user scale and usage stickiness reflects that the platform's core value to users remains solid.