FUJING HOLDINGS (02497) announced that the group expects to achieve unaudited consolidated net profit of approximately RMB 30 million to RMB 35 million for the six months ended June 30, 2025, compared to unaudited consolidated net profit of approximately RMB 14.9 million for the six months ended June 30, 2024.

The board of directors believes that the increase in unaudited consolidated net profit for the six months ended June 30, 2025, is mainly attributable to: the establishment of 28 greenhouses at the new plantation base in Beijing in December 2024, leading to increased sales of potted vegetable agricultural products and corresponding revenue growth; no listing expenses incurred during the six months ended June 30, 2025; and the reversal of expected credit losses on trade and other receivables mainly due to the settlement of other receivables.