August 31, 2025 06:36 PM GMT M Update Beijing Geekplus Technology Co., Ltd. | Asia Pacific 1H25 Results in-line with Prelim, Margin Expansion Continues Reaction to earnings 1H25 net loss narrowed 91% to Rmb48mn, due to improved GPM (+3.0ppt YoY to 35.1%), better operating leverage (opex ratio -6.6ppt YoY) and an FX gain of Rmb77mn. Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research ...