BRIEF: Qunabox returns to black in 2025
Smart vending machine operator Qunabox Group Ltd. (0917.HK) said on Friday that it expects to report it returned to profitability in 2025, projecting a net annual profit of between 270 million yuan ($38.7 million) and 330 million yuan, reversing a net loss of 1.66 billion yuan in 2024.
The company said the turnaround was driven by two main factors. First, it has continued to ramp up long-term investment in R&D, particularly in AI applications and intelligent interaction technologies. As these capabilities have matured and been deployed commercially, they have helped improve operating efficiency and delivery capacity, while supporting business expansion and steady growth in revenue and profit.
In addition, the company did not record any one-off, non-cash fair value losses last year, compared with a loss of that nature totaling about 1.9 billion yuan that weighed on its 2024 results.
Qunabox provides AI interactive marketing services focused on the fast-moving consumer goods (FMCG) sector. Its core business centers on interactive smart vending machines, combined with online platforms, to offer brands integrated online-to-offline marketing solutions that allow consumers to engage with and buy products.
The company’s stock opened 8.5% higher on Monday and closed at HK$30.18 by the midday break, up 19.67%.
By Lee Shih Ta
To subscribe to Bamboo Works weekly free newsletter, click here
