Jiayun Technology's revenue is projected to grow by 15.25% in 2025, with a significant reduction in net loss.

Ask AI · How can non-recurring gains and losses help Jiapeng Technology improve net profit and reduce losses?

Blue Whale News, April 7—On April 7, Jiapeng Technology released its 2025 performance report. The data shows that in 2025, the company achieved operating revenue of 1.81B yuan, up 15.25% year over year; net profit attributable to shareholders was -35.97 million yuan, narrowing losses by 66.06% year over year; and net profit after excluding non-recurring items was -57.81 million yuan, narrowing losses by 51.19% year over year.

By business structure, the internet marketing business accounts for 94.24% of revenue, becoming the absolute dominant product; the cosmetics and skincare business accounts for 5.31% of revenue, and the revenue structure is further concentrated into a single pillar.

By quarter, in the fourth quarter of 2025, standalone operating revenue was 184 million yuan; net profit attributable to shareholders was -6.37 million yuan; and net profit after excluding non-recurring items was -16.52 million yuan. This indicates that in that quarter, the loss after excluding non-recurring items still dominated, and its scale was larger than the loss attributable to shareholders. Operating pressure had not substantially eased by year-end.

The narrowing in the loss of net profit after excluding non-recurring items was smaller than that of net profit attributable to shareholders, mainly because non-recurring gains and losses totaled 21.84 million yuan. Among them, gains and losses from the disposal of non-current assets were 21.11 million yuan, accounting for 96.68% of total non-recurring gains and losses. The reversal of impairment provisions for accounts receivable amounted to 5.99 million yuan. The two items combined contributed non-recurring gains and losses of 21.84 million yuan, representing 51.98% of the absolute value of net profit attributable to shareholders.

Selling expenses were 93.39 million yuan, down 15.07% year over year. The reduction in expenses coexisted with the growth in revenue from the internet marketing business, indicating that the sales model is trending toward asset-light operations, or that platform traffic distribution may be replacing part of independent channel development.