DC Holdings (00861) Announces Profit, Expects Shareholder's Net Profit for 2025 to be between 20 million and 40 million, Turning Loss into Profit Year-on-Year.
Shenzhou Holdings (00861) announced that it is expected to turn a profit for the year ending December 31, 2025, with profits ranging from RMB 20 million to RMB 40 million (a loss of approximately RMB 254 million for the year ending December 31, 2024).
DC HOLDINGS (00861) hereby announces that the Group expects to turn a profit for the year ending December 31, 2025, with profits attributable to the shareholders of the Company ranging from RMB 20 million to RMB 40 million (for the year ending December 31, 2024, a loss of approximately RMB 254 million was incurred).
Based on the information currently available to the Company, the expected increase in profits is primarily due to:
(1) In 2024, the Group achieved revenue of RMB 16.657 billion, and in 2025, the Group expects a significant increase in revenue due to increases in business volume; and
(2) In 2024, the Group recognized an impairment charge of RMB 365 million on goodwill arising from investments in subsidiary companies due to underperformance. The expected impairment loss in 2025 is expected to decrease significantly.
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