First Service (02107.HK) Issues Profit Warning: FY2025 Net Loss May Widen to RMB40.00 Million on Goodwill Impairment

Bulletin Express

Mar 17

First Service Holding Limited (Stock Code: 02107.HK) released a profit warning stating that its consolidated net loss for the year ended 31 December 2025 is expected to be no greater than RMB40.00 million. This compares with a net loss of approximately RMB6.30 million for the prior year.

The projected deterioration is primarily attributed to an impairment provision against goodwill related to Qingdao Luohang Enterprises Management Co., Ltd., an acquired subsidiary whose 2025 operating performance fell short of expectations and faces challenges in future profit recovery.

The figures are derived from unaudited management accounts and remain subject to review and potential adjustment. The company intends to publish its full audited results before the end of March 2026 and advises shareholders and potential investors to exercise caution when dealing in its securities.

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This compares with a net loss of approximately RMB6.30 million for the prior year.</p>\n<p>The projected deterioration is primarily attributed to an impairment provision against goodwill related to Qingdao Luohang Enterprises Management Co., Ltd., an acquired subsidiary whose 2025 operating performance fell short of expectations and faces challenges in future profit recovery.</p>\n<p>The figures are derived from unaudited management accounts and remain subject to review and potential adjustment. The company intends to publish its full audited results before the end of March 2026 and advises shareholders and potential investors to exercise caution when dealing in its securities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Service (02107.HK) Issues Profit Warning: FY2025 Net Loss May Widen to RMB40.00 Million on Goodwill Impairment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Service (02107.HK) Issues Profit Warning: FY2025 Net Loss May Widen to RMB40.00 Million on Goodwill Impairment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-03-17 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>First Service Holding Limited (Stock Code: 02107.HK) released a profit warning stating that its consolidated net loss for the year ended 31 December 2025 is expected to be no greater than RMB40.00 million. This compares with a net loss of approximately RMB6.30 million for the prior year.</p>\n<p>The projected deterioration is primarily attributed to an impairment provision against goodwill related to Qingdao Luohang Enterprises Management Co., Ltd., an acquired subsidiary whose 2025 operating performance fell short of expectations and faces challenges in future profit recovery.</p>\n<p>The figures are derived from unaudited management accounts and remain subject to review and potential adjustment. The company intends to publish its full audited results before the end of March 2026 and advises shareholders and potential investors to exercise caution when dealing in its securities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02107","symbol_name":"第一服务控股","start_time":0,"source_url":"","article_id":"1132865036","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132865036","pubTimestamp":1773753664,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"First Service Holding Limited (Stock Code: 02107.HK) released a profit warning stating that its consolidated net loss for the year ended 31 December 2025 is expected to be no greater than RMB40.00...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02107":"第一服务控股"},"translate_title":"第一服务(02107.HK)发盈利警告：2025财年商誉减值净亏损或扩大至人民币4000万元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02107":1},"content_text":"First Service Holding Limited (Stock Code: 02107.HK) released a profit warning stating that its consolidated net loss for the year ended 31 December 2025 is expected to be no greater than RMB40.00 million. This compares with a net loss of approximately RMB6.30 million for the prior year.\nThe projected deterioration is primarily attributed to an impairment provision against goodwill related to Qingdao Luohang Enterprises Management Co., Ltd., an acquired subsidiary whose 2025 operating performance fell short of expectations and faces challenges in future profit recovery.\nThe figures are derived from unaudited management accounts and remain subject to review and potential adjustment. The company intends to publish its full audited results before the end of March 2026 and advises shareholders and potential investors to exercise caution when dealing in its securities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport,SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}