BRIEF: Flowing Cloud swings to loss in first half of 2025

6610.HK
WeRide, Pony AI makes infrastructure

Augmented reality and virtual reality services provider Flowing Cloud Technology Ltd. (6610.HK) said on Monday that it expects to report a loss of between 100 million yuan ($14 million) and 130 million yuan for the first half of this year, reversing a 63.5 million yuan profit a year earlier.

The company attributed the loss primarily to a 108.2 million yuan decrease in revenue from its AR/VR marketing services compared to the year-ago period. Additionally, after an internal assessment of trade receivables recoverability, the company expects its impairment losses to increase by 90 million yuan year-on-year. Meanwhile, increased efforts to promote the company’s business and platform pushed up sales and distribution expenses by approximately 59.2 million yuan during the reporting period from a year earlier.

Shares of Flowing Cloud opened down 9% at HK$0.25 on Tuesday. The stock is down over 60% from its 52-week high.

By Lau Chi Hang

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