Nanfang Communication Warns of 22%-30% Profit Decline for FY2025

Bulletin Express03-24

Nanfang Communication Holdings Limited released a profit warning indicating that its net profit and total comprehensive income for the year ended 31 December 2025 are expected to fall to approximately RMB28.00 million–RMB31.00 million, down by RMB8.90 million–RMB11.90 million from the RMB39.90 million recorded in 2024. This represents a year-on-year decrease of about 22.30%–29.80%.

The Board attributes the projected earnings contraction to two main factors:

1. Lower government support: A reduction in government grants of around RMB4.00 million following changes in subsidy policies. 2. Higher depreciation charges: An additional RMB4.10 million in property depreciation recognised after the completion of a construction site during 2025.

Management noted that the figures are based on unaudited management accounts and may be subject to change. The audited annual results are scheduled for release by the end of March 2026.

The company advised shareholders and potential investors to exercise caution when dealing in its shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment