Fullshare Holdings Limited announced a preliminary turnaround for the financial year ended 31 December 2025, projecting annual profit of no less than RMB400.00 million. This compares with a RMB7.33 billion loss reported for 2024.
The swing back to profitability is mainly attributed to the absence of the one-off impairment recognised in 2024. Last year, the Group booked approximately RMB6.63 billion in impairment losses on trade receivables and prepayments related to the trading business of China High Speed Transmission Equipment Group Co., Ltd., a major subsidiary engaged in gear transmission equipment. Management indicated that the 2024 impairment had no impact on 2025 operating performance.
Fullshare is finalising its audited results, which are scheduled for release by end-June 2026. The current figures are derived from unaudited management accounts and remain subject to auditor and audit committee review.
Trading in Fullshare’s shares has been suspended since 1 April 2026 and will continue until the publication of the 2025 audited financial statements. The company plans to issue further updates in accordance with Hong Kong Listing Rules.
Investors are advised to exercise caution when dealing in Fullshare’s shares.