BEST FOOD HLDG (01488) has announced that the group expects to report a net loss of approximately no more than RMB 10 million for the year ending December 31, 2025. This compares to a net loss of RMB 258 million for the year ended December 31, 2024. The board of directors attributes the significant reduction in net loss from the previous year to the current reporting period primarily to the following factors during this fiscal year: (i) a decrease in impairment losses of approximately RMB 110 million, mainly due to impairments of intangible assets and an associate company; (ii) a dilution gain of approximately RMB 66 million recognized following the listing of an associate company on the Main Board of The Stock Exchange of Hong Kong Limited; (iii) a gain on partial disposal of an associate company of approximately RMB 42 million; and (iv) an increase in the share of profits of associates of approximately RMB 26 million.