---
title: "\"Profit Warning\" STAR SHINE HLDG expects a net loss of no more than approximately 96 million RMB last year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279242058.md"
description: "STAR SHINE HLDG expects its annual net loss for the year ending December 31, 2025, to not exceed approximately RMB 96 million, a significant increase from the loss of approximately RMB 12.8 million in the same period last year. The increase in losses is mainly due to rising compliance costs, particularly the strict enforcement of China's environmental protection regulations affecting the lace and dyeing business. In addition, the group also recognized investment impairment losses in joint ventures, resulting in a consolidated loss impact of approximately RMB 45 million"
datetime: "2026-03-16T10:04:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279242058.md)
  - [en](https://longbridge.com/en/news/279242058.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279242058.md)
---

# "Profit Warning" STAR SHINE HLDG expects a net loss of no more than approximately 96 million RMB last year

STAR SHINE HLDG (01440.HK) announced that for the year ending December 31, 2025, it is estimated to record a net loss of no more than approximately RMB 96 million (the same below), compared to a net loss of approximately RMB 12.8 million in the same period last year.

The board believes that the increase in estimated losses last year was mainly due to the impact of compliance costs on the lace and dyeing business, stemming from increasingly stringent environmental regulations in China regarding industrial emissions and energy use. These increasingly strict regulations include policy mandates requiring centralized steam supply from a third-party supplier in the area, replacing the company's own internal coal-fired boilers. The mandatory shift to sourcing steam from third parties has resulted in higher ongoing operational losses of no more than approximately RMB 8 million; further impairment losses on properties, plants, and equipment in the lace and dyeing business amounting to no more than approximately RMB 30 million, primarily due to regulatory and cost pressures leading to deteriorating business performance.

In addition, the group recognized investment impairment losses for its joint venture (responsible for operating the CR7 LIFE Hong Kong Museum); and its share of operating losses, resulting in a combined loss impact of no more than approximately RMB 45 million for the group. This combined loss impact is mainly due to one-time installation costs incurred in the first half of 2025 in preparation for the opening of the CR7 LIFE Hong Kong Museum in July 2025; prepaid licensing fees for the CR7 LIFE Hong Kong Museum; and the museum's attendance and operational performance remaining unsatisfactory even after the international football superstar's visit themed around the CR7 LIFE Hong Kong Museum

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