Confucian China (00136.HK) reported a profit, expecting to achieve a comprehensive net profit after tax of about 1 billion to 1.2 billion yuan in the middle term, turning losses into profits compared to the same period last year.
Wisdom Financial News APP, China Confucius (00136.HK) announced that the board of directors expects the group to achieve unaudited after-tax comprehensive net profit of approximately RMB 1 billion to RMB 1.2 billion for the six months ending June 30, 2025 (reporting period) based on Hong Kong Financial Reporting Standards, compared to a unaudited after-tax net loss of approximately RMB 123 million in the same period last year, achieving a turnaround from loss to profit. The group expects unaudited revenue for the reporting period to reach approximately RMB 2.1 billion to RMB 2.3 billion, representing an increase of approximately 14% to 25% from about RMB 1.84 billion in the same period in 2024.
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