LC Group (2490) H2 2025 earnings summary

Executive summary

• FY2025 revenue was RMB1,872.2m, profit attributable to owners was RMB138.0m and basic EPS was RMB0.24. Cross-border container volume reached 425,335 TEUs.

• Profit for the year fell 60.1% YoY to RMB159.9m, reflecting lower gross profit and sharply lower other income and gains versus 2024.

Financial highlights

• Revenue declined 3.8% YoY to RMB1,872.2m; cost of sales fell 2.2% to RMB1,697.3m.

• Gross profit fell 16.7% YoY to RMB175.0m; gross margin decreased to 9.3% from 10.8%.

• Profit before tax declined 60.0% to RMB162.8m; profit for the year decreased 60.1% to RMB159.9m.

• Profit attributable to owners was RMB138.0m versus RMB395.8m; basic and diluted EPS was RMB0.24 versus restated RMB0.69.

• Other income and gains decreased 71.9% to RMB103.8m; administrative expenses fell 20.0% to RMB78.6m, while selling and distribution expenses rose 14.8% to RMB26.3m.

Outlook and guidance

• The 2026 outlook calls for steady revenue growth through self-operated routes, project logistics, overseas warehouses and vessel operations; profitability priorities include higher-value services and cost control.

• Planned initiatives include Belt and Road routes, AI-enabled logistics coordination, Africa project logistics, integrated e-commerce warehousing and delivery, and energy-efficient vessels.