Maoshuo Power: Loss of 234 million yuan in 2025, turning from profit to loss year-on-year

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People’s Finance and News, April 3—Maoshuo Power (002660) disclosed its annual report on April 3. In 2025, the company recorded operating revenue of 1.23B yuan, down 5.39% year over year; net profit attributable to shareholders of the listed company was a loss of 234 million yuan, compared with a profit of 67.48 million yuan in the same period last year, representing a shift from profit to loss year over year. During the reporting period, due to quality issues with materials provided by a certain supplier, a small portion of the company’s adapter products was affected. As of December 31, 2025, the company had cumulatively incurred expenditures for returns, exchanges, and related costs totaling 40.3463 million yuan. At the same time, based on prudence, the company, in light of customer feedback and its verification of the situation, accrued an expected liability of 59M yuan using the best estimate of the required replenishment during the remaining warranty period and the estimated transportation costs it expects to bear, among other factors. The above matters are expected to impact the company’s total profit for 2025 by 96.0136 million yuan, but will not constitute a major adverse effect on the company’s ability to continue operating.

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