KASEN Issues Profit Warning, Anticipates 45-65% Drop in Annual Net Profit Attributable to Shareholders

Stock News
Mar 16

KASEN (00496) has issued an announcement stating that the group expects to record a consolidated net profit attributable to the company's owners of approximately RMB 22.2 million to RMB 34.9 million for the year ending December 31, 2025. This represents a decrease of about 45% to 65% compared to the net profit attributable to owners of approximately RMB 63.5 million in 2024. The announcement indicated that the decrease in the group's net profit is primarily due to a significant reduction in property deliveries from the group's property development projects during the year ending December 31, 2025, compared to the previous year.

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