REDCO HEALTHY issued a profit warning, expecting a mid-term net loss not exceeding 2 million yuan, a year-on-year loss compared to profit
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REDCO HEALTHY issued a profit warning, expecting a mid-term net loss of no more than 2 million yuan for the period ending June 30, 2025, a significant decrease from the net profit of 7.7 million yuan for the same period in 2024. The loss is mainly due to a decrease in revenue from property management services, value-added services, and community healthcare services, as well as an increase in impairment provisions for accounts receivable due to credit risks and financial conditions related to the downturn in the real estate industry
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