Zhiyun Technologies: Loss of 275 million yuan in 2025

People’s Finance News, April 2. On April 2, Zhiyun Co., Ltd. (300097) released its annual report. In 2025, it recorded operating revenue of RMB 174 million, a year-on-year decrease of 54.72%; net profit attributable to shareholders was -RMB 275 million. During the reporting period, the company’s touch-display module segment automated equipment business was affected by factors such as unmet expectations due to industry downstream demand and slower-than-expected acceptance progress, which led to a decrease in the company’s overall operating revenue and a decline in net profit. At the same time, the allowance for bad debts for other receivables accrued was significantly higher than in the previous year, and these factors combined resulted in a loss in performance for this year.

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