BEST FOOD HLDG(01488) issues profit warning, expecting a net loss of not more than 10 million yuan for the year.

BEST FOOD HLDG (01488) announced that the group is expected to record a net loss of not more than RMB 10 million for the year ending December 31, 2025, compared to a net loss of RMB 258 million for the year ending December 31, 2024. The Board believes that the significant decrease in net loss for the current year compared to the previous year is mainly due to (i) a decrease in impairment losses of approximately RMB 110 million due to impairment of intangible assets and a joint venture company; (ii) dilution gains of approximately RMB 66 million confirmed from a joint venture company listing on The Stock Exchange of Hong Kong Limited; (iii) investment income of approximately RMB 42 million from the partial disposal of a joint venture company; and (iv) an increase in share of profits of joint venture companies of approximately RMB 26 million.