RUIFENG RENEW (00527) has announced its financial results for 2025. The company reported revenue of approximately 406 million yuan, representing a year-on-year increase of 20.81%. However, the loss attributable to the company's owners was approximately 161 million yuan, which widened by 21.71% compared to the previous year. The loss per share was 0.094 yuan.
According to the announcement, the increase in the net loss was primarily due to an 82% rise in the expected credit loss provision for other receivables, amounting to about 23.52 million yuan. Additional significant factors contributing to the loss included an impairment of property, plant, and equipment of approximately 27.032 million yuan, and an impairment of advance payments made for the acquisition of property, plant, and equipment of about 23.851 million yuan during the reporting period.