FAR INTL issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 10 million to 20 million yuan
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FAR INTL issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately RMB 10 million to 20 million for the period ending June 30, 2025, a significant reversal from a profit of approximately RMB 38 million in the same period of 2024. Expected revenue is between RMB 700 million and 900 million, a decrease of about 51% to 37% compared to the same period last year. The main reasons are the reduction in shipments to the United States due to changes in U.S. tariff policies, as well as increased impairment losses on trade and other receivables and goodwill
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