FIRST SERVICE(02107) issued a profit warning, expecting the net loss for the year 2025 to increase by no more than 40 million yuan compared to the previous year.
First Service Holdings (02107) announced that the expected net loss for the Group for the year ending December 31, 2025 is not expected to exceed RMB 40 million, while the net loss for the year ending December 31, 2024 was approximately RMB 6.3 million. The increase in expected loss is mainly attributable to the Group's acquisition of its subsidiary Qingdao Luohang Enterprise Management Co., Ltd.'s operating performance in 2025 did not meet expectations, and it is expected that its future business expansion and profit recovery will face challenges, so impairment loss provisions have been made for goodwill.
FIRST SERVICE (02107) announces that the estimated net loss for the Group for the year ending December 31, 2025 is expected to be no more than RMB 40 million, while the estimated net loss for the year ending December 31, 2024 was approximately RMB 6.3 million. The increase in the expected loss is mainly attributed to the Group's acquisition of its subsidiary, Qingdao Luo Hang Enterprise Management Co., Ltd., which did not meet performance standards in 2025 and is expected to face challenges in future business expansion and profit recovery, thus necessitating a provision for impairment loss on goodwill.
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