CHINAHEALTHWISE (00348) issued a profit warning, expecting a significant decrease of about 92% to 96% in the annual loss attributable to shareholders compared to the previous year.

China Healthwise (00348) announces that the group is expected to record a loss attributable to owners of the company of approximately HK$1.8 million to HK$3.4 million for the year ending December 31, 2025, a significant decrease of about 92% to 96% compared to the loss of approximately HK$40 million for the year ending December 31, 2024 (fiscal year 2024). The announcement states that the expected decrease in the loss attributable to owners of the company is mainly due to unrealized fair value gains on financial assets of approximately HK$25 million for the fiscal year 2025, compared to a fair value loss of approximately HK$4 million for fiscal year 2024; and a reversal of impairment losses on loans and receivables under the expected credit loss model for fiscal year 2025 of approximately HK$4 million, compared to an impairment loss of approximately HK$2 million for fiscal year 2024.