Excellent Business Enterprise Services expected to see a 60%-70% decrease in net profit by 2025

NightAirdropper · 2026-03-09T00:39:20+00:00

Excellence Business Services expects that the profit attributable to shareholders for fiscal year 2025 will decrease by approximately 60% to 70%, mainly due to the cleanup of long-aged related party receivables and increased provisions resulting from court rulings. However, the company’s cash flow has improved, and it is expected that the cash balance could reach 1.3 billion yuan.

NightAirdropper

2026-03-09 00:39:20

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SenseTime News: On March 6, Excellence Business Services (H06989) announced that the company’s attributable profit for shareholders in the 2025 fiscal year is expected to decrease by approximately 60% to 70% compared to the 2024 fiscal year. The main reasons for the decline include the company’s proactive cleanup of long-standing related-party trade receivables, leading to increased impairment losses on related-party trade receivables, and the court’s final ruling on Beijing Global Finance-related cases, for which the company has made full provisions for the financial guarantee obligations confirmed by the judgment in accordance with Hong Kong Financial Reporting Standards.

Despite the profit forecast decline, the company’s cash flow has improved compared to the same period last year, with relatively ample liquidity reserves. According to management accounts, the preliminary estimate as of December 31, 2025, shows that net cash from operating activities has turned positive. It is expected that as of that date, the company’s unaudited cash balance and other investment products will total no less than 1.3 billion yuan, an increase from approximately 1.084 billion yuan as of December 31, 2024.

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