CHINA PARTYTIME (01532) issues a profit warning, expecting a mid-term net loss of approximately 46 to 49 million yuan.

CHINA PARTYTIME (01532) publishes an announcement, expecting a net loss of approximately RMB 46 million to 49 million for the six months ending on June 30, 2025, compared to a net loss of about RMB 527,000 for the six months ending on June 30, 2024. The significant increase in net loss is mainly attributed to: (i) the adverse macroeconomic situation and the downturn in the export trade environment, leading to a significant decrease in revenue from approximately RMB 164.6 million for the six months ending on June 30, 2024, to not less than 20% to approximately RMB 122.9 million for the six months ending on June 30, 2025; (ii) recognizing impairment losses of approximately RMB 47.2 million through comparing the recoverable amount of property, plant, and equipment and intangible assets with the carrying amount under the businesses of property, plant, and equipment, hair business, clothing cleaning and care, personal care, and home care products.