BEIJING N STAR issued a profit warning, expecting the net loss attributable to the owners of the company in the first half of the year to be approximately RMB 1.566 billion to RMB 1.939 billion
BEIJING N STAR issued a profit warning, expecting a net loss attributable to owners of approximately RMB 1.566 billion to RMB 1.939 billion in the first half of 2025, mainly due to a loss of approximately RMB 152.4 million to RMB 188 million from the expected fair value changes of investment properties. In comparison, the attributable loss for the first half of 2024 was approximately RMB 770 million. It is worth noting that these fair value losses are non-cash in nature and have no impact on the group's operating cash flow
According to the Zhitong Finance APP, Beijing North Star (00588) announced that due to the expected fair value change loss from the revaluation of investment properties, it is approximately RMB 152.4 million to RMB 188 million. The expected net loss attributable to the company's owners for the first half of 2025 is approximately RMB 1.566 billion to RMB 1.939 billion, while the expected loss attributable to the company's owners for the first half of 2024 is approximately RMB 770 million. However, these fair value losses are non-cash in nature and do not affect the group's operating cash flow
