Rapoo(SZ:002577) Ge Long Hui·2026-01-29 12:54Core Viewpoint - The company, Rapoo Technology (002577.SZ), is forecasting a significant decline in net profit for the fiscal year 2025, projecting a loss of between 5.5 million to 3.9 million yuan, compared to a profit of 36.75 million yuan in the same period last year [1] Financial Performance - The net profit attributable to shareholders is expected to turn from profit to loss, primarily due to increased investment in online sales channels and marketing innovations, leading to a 32% year-on-year increase in sales expenses [1] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 22 million to 20 million yuan, compared to a profit of 23.24 million yuan in the previous year [1] External Factors - The company has experienced significant foreign exchange losses due to market fluctuations, which have contributed to the projected decline in profitability [1] - A long-term partner of the company has filed for bankruptcy, prompting the company to fully provision for bad debts related to accounts receivable from this client [1]