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Haorsai: First Quarter Report for 2026
Haorsai: 2025 Annual Report
Haorsai: Summary of the 2025 Annual Report
Haoersai's net profit attributable to shareholders for 2025 was -1.27 billion yuan, with a narrowing loss but over 50% being dragged down by non-recurring losses.
The company reported revenue of 346 million yuan in 2025 (a year-on-year decrease of 24.51%), with a net loss attributable to shareholders of -127 million yuan (a narrowing of the loss by 28.94%). The adjusted net profit was -71.712 million yuan, significantly impacted by non-recurring losses. Core business contracted, R&D spending was substantially reduced, and the gross margin fell to 23.83%, although operating cash flow surged by 203.63%. Risks related to litigation and information disclosure violations remain unresolved, and dividend distributions and fundraising have remained silent following the change in actual control.
Haorse (002963.SZ) reported a net loss of 1.27 billion yuan in 2025.
Gelonghui reported on April 24 that Haose (002963.SZ) released its 2025 annual report, showing that the company achieved a total revenue of 346 million yuan for the full year, a year-on-year decrease of 24.51%; net profit attributable to shareholders of the parent company was -127 million yuan; and non-recurring net profit attributable to shareholders of the parent company was -71.712 million yuan.
Haersai: 2025 Annual Performance Forecast