China Shengmu Issues Profit Warning, Anticipates Parent Company Shareholder Net Loss of Approximately 350-390 Million Yuan for 2025
Stock News
Feb 27
China Shengmu (01432) has announced that it expects the group to record a net loss attributable to owners of the parent company of between approximately RMB 350 million and RMB 390 million for the year ending December 31, 2025. This compares to a net loss attributable to owners of the parent company of RMB 65.5 million in 2024. The group, adhering to relevant regulations and the principle of prudence, has made an impairment provision of approximately RMB 300 million to RMB 330 million for its持有的 undeveloped grassland use rights. Excluding the impact of the aforementioned factors, the loss from the company's operating business narrowed by between approximately RMB 5 million and RMB 25 million compared to the previous year.
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