FAR INTL Issues Profit Warning, Forecasts 2025 Profit Attributable to Owners to Drop Below CNY 10 Million

Stock News
Mar 13

FAR INTL (02516) announced that the group expects to achieve (i) revenue for the 2025 fiscal year of approximately CNY 1.8 billion to CNY 2.2 billion, representing a decrease of about 40% to 26% compared to the year ended December 31, 2024. This reduction is primarily attributed to changes in US tariff policies, which led to a decrease in the volume of goods shipped by the group to the United States. Additionally, (ii) the profit attributable to owners for the 2025 fiscal year is projected to be less than CNY 10 million, a decrease of at least approximately 85.6% compared to the previous year. This significant decline is mainly due to the aforementioned decrease in total revenue and an increase in goodwill impairment losses from a wholly-owned operating subsidiary during the 2025 fiscal year. The company's management emphasized that, compared to the first half of the 2025 fiscal year, both revenue and net profit showed significant improvement in the second half. This improvement was primarily driven by deepened cooperation with the group's major long-term clients and the implementation of effective cost management measures.

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