BRIEF: Shouhui swings to the black on financial instrument gains
Insurance intermediary services provider Shouhui Group Ltd. (2621.HK) said on Wednesday it expects to report a profit of between 780 million yuan ($114 million) and 800 million yuan for 2025, reversing a loss the previous year. It attributed the reversal to gains from changes in the book value of financial instruments, which totaled 964 million yuan last year, compared with a loss for such instruments in 2024.
The company said it expects to report an adjusted net profit for 2025 between 186 million yuan and 206 million yuan, down by 36 million yuan to 56 million yuan from 2024. It attributed the drop to heightened macroeconomic uncertainty, cooling financial consumption demand, industry-wide reductions in insurance brokerage fees, and intensified competition.
It said its revenue last year was between 1.46 billion yuan and 1.48 billion yuan, up by 68 million yuan to 88 million yuan year-on-year. But those gains were offset by increased costs and expenses of 104 million yuan to 124 million yuan, weighing on the company’s profitability.
Shares of Shouhui opened up 4.7% at HK$3.10 on Thursday. The stock is down over 60% since its listing a year ago.
By Lau Chi Hang
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