CR HOLDINGS (01911) Issues Profit Alert, Anticipates Annual Profit Attributable to Shareholders of Approximately RMB 101.4 Million, Turning Loss into Profit

Stock News03-20

CR HOLDINGS (01911) announced that the group expects to record a profit attributable to owners of the company of approximately RMB 101.4 million for the year ending December 31, 2025. This contrasts with a loss attributable to owners of approximately RMB 179 million for the same period in 2024. The group's turnaround to a significant profit for the year ending December 31, 2025, is primarily due to a substantial increase in operating profit from its investment management business segment, which continues to provide strong support for the group's financial performance. Additionally, the loss recorded by Hua Xing Securities Company Limited for the year ending December 31, 2025, was significantly reduced. The group's business development momentum is positive, showing an upward trend, and it has achieved notable results in reducing operating costs, leading to a significant decrease in operating expenses.

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