Jushuitan Swings to RMB 1.66B Loss Despite Revenue Growth

Edgen Stock·Mar 30 2026, 09:22

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Key Takeaways

Jushuitan (06687.HK) reported conflicting full-year results, posting strong top-line growth but swinging to a significant net loss under standard accounting rules. The company's adjusted profit metric showed substantial underlying growth, but the decision to withhold dividends reflects the headline loss.

Revenue grew 25.6% year-over-year to reach RMB 1.142 billion for the fiscal year ending in December.
The company recorded a net loss of RMB 1.655 billion, a stark reversal from a RMB 12.152 million profit in the prior year.
On a non-IFRS basis, adjusted net profit climbed 282.2% to RMB 231 million, but the company will not issue a dividend.

Jushuitan Swings to RMB 1.66B Loss Despite 25.6% Revenue Rise

Jushuitan (06687.HK) announced a sharp reversal in its bottom line for the full year ending last December, posting a net loss of RMB 1.655 billion. The result stands in stark contrast to the RMB 12.152 million profit recorded in the same period of 2024. This significant loss occurred even as company revenue expanded 25.6% year-over-year to RMB 1.142 billion. The loss per share for the period was RMB 7.27.

Adjusted Profit Soars 282%, Signaling Operational Strength

Beneath the headline loss, the company's adjusted financial metrics offered a more positive view of its operational health. Under non-IFRS measures, Jushuitan's adjusted net profit was RMB 231 million, marking a substantial 282.2% increase from the previous year. This divergence suggests that the statutory loss was driven by significant non-cash or one-time items, while the core business operations demonstrated strong profitability growth.

Company Withholds Dividend, Pressuring Stock

Reflecting the headline net loss, Jushuitan's board announced that no dividend will be distributed to shareholders for the fiscal year. This decision to conserve cash, combined with the reported loss, put immediate pressure on the company's stock, which fell 1.860%. The lack of a shareholder payout signals a cautious financial posture as the company navigates the discrepancy between its reported loss and underlying adjusted profit growth.