First Service Holding Limited (Stock Code: 02107.HK) released a profit warning stating that its consolidated net loss for the year ended 31 December 2025 is expected to be no greater than RMB40.00 million. This compares with a net loss of approximately RMB6.30 million for the prior year.

The projected deterioration is primarily attributed to an impairment provision against goodwill related to Qingdao Luohang Enterprises Management Co., Ltd., an acquired subsidiary whose 2025 operating performance fell short of expectations and faces challenges in future profit recovery.

The figures are derived from unaudited management accounts and remain subject to review and potential adjustment. The company intends to publish its full audited results before the end of March 2026 and advises shareholders and potential investors to exercise caution when dealing in its securities.