FAR INTL (02516) announced that the group expects to achieve revenue of approximately RMB 700 million to RMB 900 million for the six months ended June 30, 2025, representing a decrease of approximately 51% to 37% compared to the same period in 2024. This decline is primarily attributed to changes in US tariff policies, which resulted in reduced shipment volumes to the United States during the six months ended June 30, 2025.
The company expects shareholders' attributable loss for the period to range between RMB 10 million to RMB 20 million, marking a reversal from the profit of approximately RMB 38 million recorded in the same period of 2024. This turnaround is mainly due to the aforementioned decrease in total revenue, as well as increased impairment losses on trade and other receivables and increased goodwill impairment losses of indirect wholly-owned operating subsidiaries compared to the same period last year.
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