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First Service Holdings (02107.HK) Profit Warning: Expected net loss not exceeding 40 million yuan in 2025
Gelonghui, March 17 | First Service Holdings (02107.HK) announced that the group’s net loss for the year ending December 31, 2025, is expected not to exceed RMB 40 million, compared to a net loss of approximately RMB 6.3 million for the year ending December 31, 2024. The increase in expected loss is mainly due to the group’s acquisition of its subsidiary Qingdao Luohang Enterprise Management Co., Ltd., which did not meet performance targets in 2025, and the anticipated challenges in future business expansion and profit recovery, leading to the recognition of goodwill impairment provisions.