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Ruisen Life Service Co. Announces Positive Profit Turnaround Amid Trading Suspension

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Ruisen Life Service Co. Announces Positive Profit Turnaround Amid Trading Suspension

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Yincheng Life Service Co., Ltd. ( (HK:1922) ) has issued an update.

Ruisen Life Service Co., Limited has announced a positive profit alert, expecting to report a profit of RMB50 million to RMB60 million for the first half of 2025, compared to a loss of RMB15.4 million in the same period of 2024. This turnaround is attributed to the absence of impairment losses on financial assets and parking lot deposits that were present in the previous year. However, trading in the company’s shares remains suspended since August 2024, and the unaudited results are subject to change upon final review.

More about Yincheng Life Service Co., Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: HK$363.3M

For detailed information about 1922 stock, go to TipRanks’ Stock Analysis page.

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