ASIARAY (01993) Issues Profit Alert, Expects Interim Net Profit of Approximately RMB 14.6 Million, Turning from Loss to Profit Year-on-Year

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Aug 17, 2025

ASIARAY (01993) announced that it expects to achieve a net profit of approximately RMB 14.6 million for the six months ended June 30, 2025, compared to a net loss of approximately RMB 7.6 million for the six months ended June 30, 2024. The board of directors believes that the turnaround from net loss to net profit is mainly attributable to the following factors compared to the prior period: (i) improved operating performance following the termination of underperforming projects; (ii) reduced franchise fees for certain projects; and (iii) enhanced effectiveness of cost control strategies.

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