Netsun narrows loss in FY2025

Hangzhou, 29th April: Shenzhen-listed Zhejiang Netsun released its results for the year ended 31st December 2025, with revenues of US$75 million. This represents modest decrease of 6.0% year-on-year. The company attributed the decrease in revenues to the decline in income from the supply chain business during the reported period.

The company narrowed its net loss from US$3.1 million in 2024, down to US$1.9 million in 2025. Due to the provision for bad debts on receivables decreased, the company posted a narrowed net loss in 2025.

In terms of business segments, more than 85% of the total revenues were generated from the supply chain business, amounting to US$64 million, which dropped 5.2% year-on-year. The second largest business segment, Internet services, generated revenues of US$6.4 million and accounted for 8.6% of the total revenues.