XINJI SHAXI (03603.HK) forecasts FY2025 net loss cut to RMB22–32 million; lower property valuation losses cited

Bulletin Express
Mar 20

Xinji Shaxi Group Co., Ltd. (03603.HK) issued a positive profit alert, projecting a substantial narrowing of its FY2025 net loss attributable to shareholders to no less than RMB22.00 million and no more than RMB32.00 million. The FY2024 comparable figure was a RMB162.10 million loss.

Management attributed the anticipated improvement mainly to reduced fair-value losses on the Group’s investment properties: • Operations at the “Xinji Shaxi Hospitality Supplies Expo Center” showed signs of recovery following renovation delays. • Occupancy declines at the two Shenyang shopping malls moderated versus the prior year.

After stripping out non-recurring items such as changes in investment-property fair values and related tax effects, core net profit for FY2025 is expected to drop by no more than RMB20.00 million from the RMB73.80 million recorded in FY2024.

The unaudited results are still being finalized; audited FY2025 financial statements are scheduled for release by end-March 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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