ZENSUN ENT Issues Profit Warning, Anticipates Annual Net Loss Between RMB770 Million and RMB950 Million
Stock News
Mar 25
ZENSUN ENT (00185) announced that the group expects to record a net loss of approximately RMB770 million to RMB950 million for the fiscal year ending December 31, 2025. This compares to a net loss of approximately RMB2.17 billion for the fiscal year ended December 31, 2024. The board of directors attributes the reduction in net loss for the relevant year primarily to the following factors: an increase in the gross profit margin of projects delivered during the period, and a decrease in impairment provisions made for the group's property projects.
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