HK Stock Market Move | JS GLOBAL LIFE (01691) up nearly 6%, expected adjusted net profit last year not less than $29 million.

JS GLOBAL LIFE (01691) rose nearly 6%, as of the time of writing, up 5.78% to HK$1.83, with a turnover of HK$33.3786 million. On the news front, JS GLOBAL LIFE issued a profit warning, expecting a net loss of no more than US$22.5 million for the fiscal year 2025, compared to a net profit of US$8.8 million in the previous year. The expected loss is mainly attributed to strategic investments in expanding the Asia Pacific market, a decrease in related procurement service income, and non-cash impacts from share-based payments. Adjusted net profit for the full year is expected to be no less than US$29 million, compared to approximately US$7.1 million in the previous year. The company stated that the significant increase in adjusted net profit was mainly due to a significant recovery in core business, leading to a increase in overall revenue driven by strong internal growth. The operating efficiency of subsidiary companies continued to improve, with some subsidiaries significantly enhancing their profitability, contributing positively to the group's overall profit. Cost control measures were continuously strengthened, leading to a decrease in overall expense ratio.