New Century Medical (01518.HK): Expected net loss of 110 million to 125 million RMB in 2025, turning from profit to loss year-over-year

2026-03-11 05:30:53

Abstract generation in progress

Gelonghui March 9 — New Century Medical (01518.HK) announced that, based on a preliminary review of the group’s unaudited consolidated management accounts for the year ending December 31, 2025, and the current available information from the board of directors, the group is expected to record a net loss attributable to owners of the company between RMB 110 million and RMB 125 million for the year ending December 31, 2025, compared to a net profit attributable to owners of approximately RMB 47.4 million for the year ending December 31, 2024.

The board believes that the expected turnaround from profit to loss is mainly due to (i) reduced revenue caused by decreased demand for pediatric and obstetric services; (ii) impairment losses on goodwill and other long-term assets; and (iii) the reversal of deferred tax assets.

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