CHI PEOPLE HOLD (00681) issued a profit warning, expecting to incur a loss of approximately 143 million yuan in 2025, a turnaround from a profit in the previous year.
China Minsheng Holdings (00681) announced that for the year ending December 31, 2025, the group is expected to incur a loss of approximately RMB 143 million (expected loss), compared to a profit of approximately RMB 59 million for the year ending December 31, 2024 (fiscal year 2024). Based on existing information, due to significant impairment losses on assets such as properties, factories, equipment, and the right-of-use assets of joint ventures, the group is expected to incur a loss of approximately RMB 173 million in the 2025 fiscal year (compared to a profit of RMB 70 million in the 2024 fiscal year).
CHI PEOPLE HOLD (00681) announced that for the year ending December 31, 2025, the group is expected to incur a loss of approximately RMB 143 million (expected loss), compared to a profit of approximately RMB 59 million for the year ending December 31, 2024 (2024 fiscal year). Based on current information, significant impairment losses on assets such as properties, factories, equipment, and the right of use assets of joint ventures have led to a loss share of approximately RMB 173 million for the fiscal year 2025 (2024 fiscal year: profit share of RMB 70 million) in joint ventures.
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