According to the Zhitong Finance APP, QINQIN FOODS (01583) announced that it expects the group to incur a loss attributable to shareholders of approximately RMB 1 million to 3 million for the year ending December 31, 2025, while for the year 2024, it anticipates a profit attributable to shareholders of approximately RMB 21 million.

The shift from profit to loss attributable to shareholders during the reporting period is based on the net impact of the following key factors: (i) The group may experience a decline in revenue, primarily due to reduced sales in traditional sales channels, which is partially offset by sales growth in leisure food chains, OEM manufacturing, and export businesses. The overall decline in sales also led to reduced economies of scale, resulting in a decrease in gross profit, causing gross profit during the reporting period to decline by approximately RMB 32 million compared to 2024; (ii) The group may achieve a net gain of approximately RMB 5 million from the sale of properties, machinery, and equipment during the reporting period (2024: net loss of RMB 6 million). This one-time disposal gain mainly comes from the completion of the sale of the land use rights and related production facilities and properties of the group's former production base located in Xiantao City, Hubei Province, China; (iii) The group may incur a one-time impairment loss of approximately RMB 7 million on construction in progress during the reporting period, due to the group's decision to no longer pursue a development project located in Xiaogan City, Hubei Province, China