FY FINANCIAL (08452) has announced that the group expects to record a net loss of no less than approximately RMB 40 million to RMB 60 million for the fiscal year ending December 31, 2025. This compares to a net loss of approximately RMB 8.68 million in the 2024 fiscal year. The increase in the group's loss for the current year is primarily attributable to (i) an impairment loss on finance lease receivables and accounts receivable of approximately RMB 14 million; and (ii) an impairment loss of approximately RMB 46 million recognized during the year on the equity investment in Shanghai Kuaiyimingshang Cloud Technology Co., Ltd., an associate of the group in which the company indirectly holds a 20.81% equity interest.
Comments