Glacier Network: The net profit for the first three quarters is expected to be between 435 million yuan and 565 million yuan, returning to profitability year-on-year.

Jin10 data reported on October 13 that the net profit of Glacier Network for the first three quarters of 2025 is expected to be between 435 million and 565 million yuan, compared to a loss of 466.913 million yuan in the same period last year. During the reporting period, the company's selling expenses significantly decreased compared to the same period last year, mainly due to the company's cautious assessment of the launch of new products, which has not yet undergone large-scale promotion, while optimizing the launch strategy and controlling the intensity of the promotion. In addition, during the reporting period, the company's non-recurring gains and losses amounted to approximately 22.7 million yuan, mainly from government subsidies and income from deposit wealth management.