Hong Kong Stock Alert | BASECARE-B (02170) Falls Over 11% as Interim Revenue Drops 18.76% YoY, Loss Expands to RMB 121 Million
Stock News
Sep 01
BASECARE-B (02170) declined over 11%, falling 11.34% to HK$3.44 per share with a turnover of HK$5.3292 million as of press time.
On the news front, BASECARE-B released its interim results for 2025, reporting group revenue of RMB 101 million, down 18.76% year-over-year. The loss attributable to shareholders expanded to RMB 121 million, an increase of 1.31% compared to the same period last year.
According to the financial report, the decline in revenue during the reporting period was attributed to the overall industry growth slowdown affecting the group's performance. Additionally, the company proactively contracted certain projects with relatively lower profitability during the year, aiming to improve overall profit levels.
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