SHAW BROTHERS (00953) issues profit warning, with shareholders expected to have a loss of approximately 14 million yuan in 2025, compared to a widening loss.

SHAW BROTHERS (00953) announces that the company expects to incur a loss of approximately 14 million Chinese Yuan attributable to the owners in the fiscal year 2025, compared to a loss of approximately 5.78 million Chinese Yuan in the year ended December 31, 2024. The increase in loss is mainly attributed to a significant increase in impairment losses recognized in the fiscal year 2025, including impairment losses of approximately 20 million Chinese Yuan in film, TV series, and non-series investments; an increase of approximately 4 million Chinese Yuan in impairment losses in production films, TV series, and non-series; and an increase of approximately 2 million Chinese Yuan in impairment losses in trade and other receivables, offsetting the positive impact of an increase in revenue of approximately 100 million Chinese Yuan and improved gross profit of approximately 18 million Chinese Yuan in the fiscal year 2025.