Weitian Express (02482) issued a profit warning. The net loss for the medium term is expected to be about 20.3 million yuan, year-on-year profit to loss

According to the Zhitong Finance App, Weitian Express (02482) issued an announcement. It is expected that the Group will have an unaudited net loss of approximately RMB 20.3 million for the six months ended June 30, 2026 (reporting period), and an unaudited net profit of approximately RMB 26.1 million for the six months ending June 30, 2025.

The main reasons for the Group's expected decline in profit are set out as follows: (i) In view of the current economic situation and industry conditions, the Group continues to adjust its business structure to improve quality and efficiency, reduce the scale of the digital freight business with high operating capital consumption and low gross margin, and focus on developing new businesses such as data services to achieve scale growth, leading to an increase in overall gross margin. During the reporting period, the gross profit contributed by the new business was not enough to make up for the gross profit gap caused by the decline in the scale of the digital freight business, leading to a decline in overall gross profit. (ii) The Group continues to invest in research and development of AI applications and digital solutions, while focusing on increasing investment in sales resources in data services and digital businesses to promote the adjustment of the business structure towards high gross margins. These strategic investments keep R&D and sales expenses at the level needed to support the restructuring of the business.