FAR International Holdings Group Company (2516) H2 2025 earnings summary

Executive summary

• FY2025 revenue fell 33.2% YoY to RMB1.993bn; profit attributable to owners declined to RMB5.1m from RMB69.3m, amid U.S. tariff impacts and lower shipments. H2 revenue and profit improved significantly vs H1.

• FY2025 net profit was RMB3.0m, down 95.6% YoY; basic and diluted EPS was RMB0.65 cents vs RMB8.88 cents.

Financial highlights

• Revenue decreased to RMB1,992.6m from RMB2,982.7m; cost of sales declined 33.6% to RMB1,838.3m.

• Gross profit was RMB154.3m, down 28.2% YoY; gross margin improved to 7.74% from 7.20%.

• Profit before tax fell to RMB9.5m from RMB80.8m; income tax expense was RMB6.4m vs RMB11.6m.

• Other income, gains and losses recorded a net loss of RMB6.8m, improving from a RMB9.8m loss; exchange losses narrowed to RMB13.7m from RMB24.4m.

Outlook and guidance

• Strategy centers on AI-driven digital fulfillment, with trade and financial services as complementary growth areas; priorities include platform cooperation, overseas network expansion and technology investment.

• Planned expansion includes upgrading service outlets, developing overseas infrastructure and teams, and integrating AI into operations and decision-making.

• Management expects sufficient working capital for future operating, capital expenditure and other cash requirements.