Fosun International issues profit warning, makes one-time non-cash impairment provision for certain non-core businesses.
Fosun International announced on the Hong Kong Stock Exchange that the expected loss attributable to equity holders of the parent company for the fiscal year 2025 is estimated to be approximately RMB 21.5 billion to RMB 23.5 billion. This is mainly due to impairment provisions made for certain real estate projects with signs of impairment and goodwill, intangible assets, etc. for certain non-core business segments. The Board of Directors believes that the impairment of the above-mentioned assets is a non-cash item and does not affect the overall operation and cash flow of the company.
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