FriendTimes Inc. Anticipates Significant Revenue and Profit Growth in Positive Profit Alert
Reuters
Jul 17
FriendTimes Inc. Anticipates Significant Revenue and Profit Growth in Positive Profit Alert
FriendTimes Inc. has issued a positive profit alert, indicating a significant turnaround in its financial performance for the first half of 2025. Based on a preliminary assessment of its unaudited consolidated management accounts, the company anticipates recording revenue between RMB600 million to RMB650 million for the period ending June 30, 2025. This represents a year-on-year increase of approximately 14.1% to 23.6%. Furthermore, the company expects to report a profit ranging from RMB38 million to RMB44 million, marking a turnaround from a previous loss and reflecting a year-on-year increase of approximately 152.5% to 160.8%. The chairman, Jiang Xiaohuang, has committed to not selling his shares in the open market for the next 12 months. The detailed interim results are expected to be released by the end of August 2025. Shareholders and potential investors have been advised to approach their dealings with caution, as the current figures are based on preliminary assessments and have not yet been audited or reviewed.
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