Shanghai Qingpu (08115) has announced that the group expects to shift from an attributable profit of approximately RMB 4.4 million for the year ended December 31, 2024, to an attributable loss ranging between RMB 3 million and RMB 6 million for the year ending December 31, 2025. The anticipated transition from profit to loss in 2025 is primarily due to increased administrative expenses, recognition of expected credit losses, and a rise in income tax expenses compared to the previous year.
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