FIRST SERVICE Issues Profit Warning, Anticipates Widened Net Loss for 2025 Fiscal Year

Stock News

Mar 17

FIRST SERVICE Holdings (02107) announced that the group expects its net loss for the fiscal year ending December 31, 2025, to not exceed RMB 40 million. This compares to a net loss of approximately RMB 6.3 million for the fiscal year ended December 31, 2024. The anticipated increase in loss is primarily attributed to an impairment provision for goodwill. This provision was recognized because the operational performance of the acquired subsidiary, Qingdao Luohang Enterprise Management Co., Ltd., fell short of expectations in 2025, and its future business expansion and profit recovery are expected to face challenges.

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This compares to a net loss of approximately RMB 6.3 million for the fiscal year ended December 31, 2024. The anticipated increase in loss is primarily attributed to an impairment provision for goodwill. 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This compares to a net loss of approximately RMB 6.3 million for the fiscal year ended December 31, 2024. The anticipated increase in loss is primarily attributed to an impairment provision for goodwill. This provision was recognized because the operational performance of the acquired subsidiary, Qingdao Luohang Enterprise Management Co., Ltd., fell short of expectations in 2025, and its future business expansion and profit recovery are expected to face challenges.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地产经营公司","start_time":0,"source_url":"","article_id":"1199823655","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199823655","pubTimestamp":1773753639,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"FIRST SERVICE Holdings (02107) announced that the group expects its net loss for the fiscal year ending December 31, 2025, to not exceed RMB 40 million. 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