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Beijing North Star Company ( (HK:0588) ) has issued an update.
Beijing North Star Company Limited has warned investors that it expects to remain in the red for the financial year ending 31 December 2025, with net loss attributable to owners projected at between RMB2.696 billion and RMB3.38 billion under Hong Kong Financial Reporting Standards. Excluding fair value changes in investment properties, the loss is estimated at RMB2.463 billion to RMB3.093 billion, while the loss after also stripping out non-recurring items is forecast at RMB2.513 billion to RMB3.153 billion, all indicating continued substantial losses broadly in line with the RMB2.99 billion loss recorded in 2024. The company highlighted an estimated year-end cash balance of about RMB7.1 billion and described its capital reserves and financing channels as sufficient for stable operations, but urged shareholders and potential investors to exercise caution when dealing in its securities until the audited 2025 annual results are released.
The most recent analyst rating on (HK:0588) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Beijing North Star Company stock, see the HK:0588 Stock Forecast page.
More about Beijing North Star Company
Beijing North Star Company Limited is a Hong Kong-listed enterprise (Stock Code: 588) engaged in property-related operations, including investment properties and real estate activities, reporting under Hong Kong Financial Reporting Standards to a base of shareholders and potential investors in mainland China and Hong Kong.
Average Trading Volume: 8,190,761
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$5.84B
Learn more about 0588 stock on TipRanks’ Stock Analysis page.