FULLSHARE Anticipates Significant Annual Profit Turnaround

Stock News
Jun 10

FULLSHARE Holdings Ltd (SEHK: 00607) has issued a positive profit alert for the fiscal year ending December 31, 2025.

The company forecasts a net profit of no less than RMB 4 billion for the period.

This represents a substantial turnaround from the approximately RMB 7.325 billion loss recorded in the previous fiscal year ending December 31, 2024.

The board attributes this significant improvement primarily to a one-time adjustment made in the 2024 fiscal year.

During that period, a major impairment loss of roughly RMB 6.629 billion was recognized on trade receivables and prepayments related to the trading business of China High Speed Transmission Equipment Group Co., Ltd.

This subsidiary, whose shares are listed on the Stock Exchange of Hong Kong, is a principal entity of the group and is primarily engaged in the gear transmission equipment business.

The board emphasized that this impairment was a singular event in 2024 and is not expected to impact the group's commercial operations during the current reporting year.

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