"Profit Warning" XUANWU CLOUD estimates full-year losses to expand to at least 58 million RMB
XUANWU CLOUD (02392.HK) issued a profit warning, expecting a loss of between RMB 58 million and RMB 64 million for the fiscal year 2025, compared to a profit of RMB 1.1 million in the previous year. The increase in losses is mainly due to strengthened regulatory policies in the telecommunications industry, resulting in a decrease in sales of the group's CRM PaaS services and some CRM SaaS services
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