Qinchuan IoT: Net profit loss of 116 million yuan in 2025.

Qinchuan Internet of Things announced that its operating income in 2025 was 270 million yuan, a year-on-year decrease of 15.76%. The net loss attributable to the shareholders of the listed company was 116 million yuan, compared to a net loss of 65.2365 million yuan in the same period last year. The board of directors of the company decided not to distribute profits for the year 2025, nor to increase capital reserves by converting them into share capital or any other form of profit distribution.