PASHUN INT'L(00574) issues profit warning, expecting a net loss of not more than 10 million yuan in the mid-term, a turnaround from profit to loss compared to the same period last year.

PASHUN INT'L (00574) announced that the group is expected to incur a net loss of no more than RMB 10 million for the six months ending on June 30, 2025, while the net profit for the six months ending on June 30, 2024 was RMB 35 million. The net profit for this period turned into a net loss mainly due to a one-time gain of approximately RMB 47.4 million from the company's debt restructuring as of June 30, 2024, with no such one-time gain in the current period.