Kangqiao Service Warns of 2025 Loss on Sharply Higher Credit Impairments
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Kangqiao Service Group Limited (HK:2205) has issued a profit warning, expecting a loss of approximately RMB36.7 million for 2025, down from a profit of RMB48.4 million the previous year. This decline is attributed to a significant increase in credit impairment losses, which rose to RMB161.5 million from RMB74.4 million in 2024. The company cautions shareholders about potential risks in trading its shares ahead of full-year results. The latest analyst rating for the stock is a Hold with a price target of HK$1.50.
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