JIAHUA STORES H (00602) Issues Profit Warning, Forecasts Annual Loss Between RMB68 Million and RMB72 Million
Stock News
Yesterday
JIAHUA STORES H (00602) announced that the group is expected to record an annual loss in the range of RMB68 million to RMB72 million for the fiscal year ending December 31, 2025. This compares to an annual loss of approximately RMB55.7 million for the year ended December 31, 2024. The anticipated increase in the annual loss for the 2025 fiscal year is primarily attributable to a decrease in the fair value of investment properties, increased net impairment losses on right-of-use assets, property, plant, and equipment, and higher sales expenses incurred to boost direct sales. These factors were partially offset by an increase in gains from early lease terminations and a reduction in financing costs.
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