NANFANG COMM (01617) Issues Profit Alert, Expects Interim Net Profit and Comprehensive Income to Rise to Approximately RMB 25-30 Million Year-on-Year

Stock News
08/21

NANFANG COMM (01617) announced that the group expects to achieve unaudited net profit and comprehensive income of approximately RMB 25 million to RMB 30 million for the six months ended June 30, 2025, compared to unaudited net profit and comprehensive income of approximately RMB 5.5 million for the same period last year. According to the announcement, the improvement in interim results was mainly attributable to the following factors: 1. A decline in the proportion of raw material costs leading to reduced sales costs and driving up gross profit margin; and 2. An increase in fair value gains on financial assets denominated in foreign currencies.

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