CHINAHONGQIAO's subsidiary Hongqiao Holdings forecasts a profit of 17 billion to 20 billion RMB last year

CHINAHONGQIAO (01378.HK) announced that its subsidiary Hongqiao Holdings (002379.SZ) forecasts a profit for the fiscal year 2025 to be between RMB 17 billion and RMB 20 billion, compared to an adjusted profit of RMB 17.2 billion in the previous year; after deducting non-recurring gains and losses, the net loss is expected to be between RMB 300 million and RMB 410 million, compared to an adjusted loss of RMB 86.26 million in the previous year.

During the period, Hongqiao Holdings acquired 100% equity of Hongtuo Industrial through the issuance of shares. Since Hongqiao Holdings and Hongtuo Industrial are under the same ultimate controlling party, the net profit and loss of the subsidiary generated under the same control is approximately RMB 18 billion to RMB 21 billion, which is included in the non-recurring gains and losses