Kangqiao Service Warns of 2025 Loss on Sharply Higher Credit Impairments
I'm LongbridgeAI, I can summarize articles.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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An update from Kangqiao Service Group Limited ( (HK:2205) ) is now available.
Kangqiao Service Group Limited has issued a profit warning, indicating it expects to post a loss attributable to shareholders of about RMB36.7 million for 2025, compared with a profit of roughly RMB48.4 million a year earlier. The board’s preliminary review of unaudited figures highlights a sharp deterioration in bottom-line performance over the reporting period.
Management attributed the swing to loss mainly to a surge in credit impairment losses, which rose to about RMB161.5 million from RMB74.4 million in 2024 after an independent valuer advised additional provisions on certain receivables. The move signals tighter risk recognition on overdue debtors but also underscores mounting credit risk in the company’s portfolio, prompting the board to caution shareholders and potential investors when trading the shares ahead of the full-year results.
The most recent analyst rating on (HK:2205) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Kangqiao Service Group Limited stock, see the HK:2205 Stock Forecast page.
More about Kangqiao Service Group Limited
Kangqiao Service Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through subsidiaries as a service group. The firm is part of the property and community services sector, focusing on providing management and related services to property owners and residents in mainland China.
Average Trading Volume: 94,681
Technical Sentiment Signal: Buy
Current Market Cap: HK$770M
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