RSUN SER (01971) issue profit warning, estimated net loss for the year 2025 will be approximately 32 to 36 million yuan.

Hongyang Services (01971) announced that the group is expected to incur a loss of approximately RMB 32 million to RMB 36 million for the year ending December 31, 2025 (net profit of RMB 15 million in the same period of 2024). The main reasons for the expected decrease in performance compared to the same period of the previous year are: (1) the impact of the real estate market environment, resulting in significant increase in impairment provision for receivables from affiliated real estate developers facing liquidity difficulties; (2) impairment of goodwill of subsidiary companies acquired by the group.