---
title: "The controlling shareholder has been ordered to make corrections. FS Holdings is expected to incur a loss of 67 million to 130 million yuan last year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276816940.md"
description: "FS Holdings' controlling shareholder has been ordered by the Beijing Securities Regulatory Bureau to rectify its failure to fulfill performance compensation commitments and has been recorded in the integrity file. FS Holdings expects a net profit loss attributable to the parent company of between 67 million and 130 million yuan in 2025, with a non-recurring net profit loss of between 64.714 million and 128 million yuan. All shares of FS Holdings held by FS Assets have been pledged, with a pledge rate of 100%"
datetime: "2026-02-25T01:40:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276816940.md)
  - [en](https://longbridge.com/en/news/276816940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276816940.md)
---

# The controlling shareholder has been ordered to make corrections. FS Holdings is expected to incur a loss of 67 million to 130 million yuan last year

On February 13th, FS Holdings announced that its controlling shareholder Hangzhou FS Asset Management Co., Ltd. (hereinafter referred to as FS Asset) was subjected to administrative regulatory measures by the Beijing Securities Regulatory Bureau for failing to fulfill the promised performance compensation as agreed, and this was recorded in the integrity file of the securities and futures market.

The announcement indicated that according to the announcement disclosed by Beijing Huayi Brothers Marketing Consulting Group Co., Ltd. (now Beijing FS Holdings Development Co., Ltd., hereinafter referred to as FS Holdings) in November 2021 regarding the determination of the restructuring investor and the signing of the restructuring investment agreement, FS Asset signed the "Restructuring Investment Agreement of Beijing Huayi Brothers Marketing Consulting Group Co., Ltd." with FS Holdings, committing that the net profit of FS Holdings from 2022 to 2024, after deducting non-recurring gains and losses, would not be less than 360 million yuan, and the portion not reached would be made up in cash by FS Asset within three months after the audit report for the 2024 fiscal year is published. In April 2025, FS Holdings disclosed the "Special Explanation Announcement on the Completion of Performance Commitment by the Controlling Shareholder," stating that the audited net profit attributable to the parent company's shareholders after deducting non-recurring gains and losses from January 1, 2022, to December 31, 2024, was -199.2039 million yuan, triggering the performance compensation obligation.

As of the date of the above decision, FS Asset had not fulfilled the promised performance compensation as agreed, and this behavior constituted a violation of the commitment as stipulated in Article 15, Paragraph 1 of the "Guidelines for the Supervision of Listed Companies No. 4 - Commitments of Listed Companies and Their Related Parties" (CSRC Announcement \[2025\] No. 5). According to relevant regulations, the Beijing Securities Regulatory Bureau decided to take administrative regulatory measures to order FS Asset to make corrections and record this in the integrity file of the securities and futures market.

The performance forecast released by FS Holdings indicates that the company expects a net profit attributable to the parent company for 2025 to be a loss of 67 million to 130 million yuan, a year-on-year reduction in loss of 0.4% to 48.67%; the net profit after deducting non-recurring gains and losses is expected to be a loss of 64.714 million to 128 million yuan, a year-on-year reduction in loss of 14.17% to 56.51%.

 As of now, FS Holdings, which is directly held by FS Holdings, has pledged all 75.725 million shares, with a pledge rate of 100%.

Dianman Finance will continue to monitor the subsequent developments

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