HUISEN SHARES (02127) announce annual performance, shareholders experienced a loss of RMB 1.707 billion, a turnaround from profit to loss compared to the previous year.

HUISEN SHARES (02127) announced its performance for the 12 months ending December 31, 2024, with a profit of 1.009 billion yuan (RMB, the same below), a decrease of 72.3% year-on-year; a loss attributable to shareholders of 1.707 billion yuan, compared to a profit attributable to shareholders of 207 million yuan in the same period of the previous year, a change from profit to loss; basic loss per share of 46.34 cents. The announcement stated that the decline in revenue was mainly due to the continued economic downturn in European and American countries and the impact of tariffs, an inactive real estate market, a decrease in demand for furniture products, and a decline in the selling price of some furniture products.