FULLSHARE (00607) released a profit alert, expecting annual net profit of no less than 400 million yuan, turning around from a loss to a profit compared to the previous year.
Fengsheng Holdings (00607) announced that the company will achieve a year-end surplus of not less than RMB 400 million by the end of the year 2025, compared to a loss of approximately RMB 7.325 billion for the year ending December 31, 2024, thus turning the loss into a profit.
FULLSHARE (00607) has announced that the company will achieve a net profit of not less than RMB 400 million for the year ending December 31, 2025, compared to a loss of approximately RMB 7.325 billion for the year ending December 31, 2024, realizing a turnaround from loss to profit.
The Board of Directors believes that the improvement is mainly attributable to a significant impairment loss of approximately RMB 6.629 billion recognized in the trading business of C TRANSMISSION Equipment Group Limited (a subsidiary of the company listed on the Stock Exchange, mainly engaged in gear transmission equipment business) for the year ending December 31, 2024. This impairment was a one-time adjustment in 2024 and therefore will not have an impact on the group's business operations in the reporting year.
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