HK Stock Market Move | FUDAN ZHANGJIANG (01349) fell 4% during the trading session, with an expected switching from profit to loss of up to 180 million RMB by 2025.

FUDANZHANGJIANG (01349) fell 4% during the trading day, as of the time of this report, it fell 3.69% to HK$3.13, with a turnover of HK$37.159 million. In terms of news, FUDANZHANGJIANG announced that the group expects to incur a net loss attributable to the owners of the parent company of approximately RMB 120 million to RMB 180 million for the year ending December 31, 2025, compared to a net profit of RMB 39.7339 million in the same period of 2024; and a net loss attributable to the owners of the parent company, excluding non-recurring profit and loss, of approximately RMB 140 million to RMB 200 million, compared to a net profit of RMB 5.1452 million in 2024 excluding non-recurring profit and loss. The company stated that the losses were due to increased research and development expenses as a proportion of revenue. Research and development expenses for the period amounted to approximately RMB 350 million. In addition, the market retail price of their product Lidomu was reduced since May 1st of last year, leading to a decrease in the profit margin of Lidomu. The contribution of this product to the group's profit is expected to decrease by approximately RMB 100 million annually.