Fanyuan International (02516) expects profit attributable to shareholders in the medium term to no more than 15 million yuan to a loss of no more than 5 million yuan

Zhitong Finance App News, Fanyuan International (02516) announced that the Group expects to record revenue of approximately RMB 1.3 billion to RMB 1.7 billion for the six months ended June 30, 2026 (this period), an increase of about 61% to 110% over the same period in 2025, mainly due to the acquisition of US subsidiaries and the increase in the business volume of the Group's major customers, which led to an increase in freight forwarding service revenue; and it is expected that the performance attributable to the owners of the Company during this period will be between profit of no more than RMB 15 million to a loss of no more than RMB 5 million. Losses attributable to the Company's owners for the same period in 2025 were approximately RMB 14 million. The conversion of losses into profits (or reduction in losses) is mainly due to increased revenue and reduced losses on trade and other receivables and goodwill impairment. These positive effects were partly offset by a decline in gross margin due to an increase in the proportion of revenue generated by freight forwarding services (which usually have lower gross margins).