Profit Warning Issued by NANFANG COMM (01617) with Expected 2025 Net Profit and Total Comprehensive Income Between RMB 28 Million and RMB 31 Million

Stock News03-24

NANFANG COMM (01617) announced that the group anticipates recording a net profit and total comprehensive income of approximately RMB 28 million to RMB 31 million for the year ending December 31, 2025. This represents a decrease of roughly RMB 8.9 million to RMB 11.9 million compared to the net profit and total comprehensive income of about RMB 39.9 million recorded for the year ending December 31, 2024. The board attributes the expected decline in net profit for the 2025 fiscal year primarily to the following factors: a reduction in government funding of approximately RMB 4 million due to changes in government subsidy policies, and the recognition of additional depreciation on properties of about RMB 4.1 million following the completion of construction sites during the year ending December 31, 2025.

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