Ruisen Life Service narrows expected loss after prior year adjustments

Ruisen Life Service Co. Limited (the “Company”) announced a revised profit warning, now expecting a loss attributable to owners of not more than RMB20 million for the six months ended 30 June 2024. This is a significant improvement from the previously projected loss of not less than RMB90 million. The revision follows "Prior Year Adjustments" made after findings from an independent forensic accountant identified misstatements in past consolidated financial statements.

These adjustments also impacted the restated profit for the six months ended 30 June 2023, which is now in the range of RMB30 million to RMB50 million, down from the previously reported RMB63.8 million. For the full year ended 31 December 2024, the Group anticipates a loss ranging from RMB20 million to RMB40 million, contrasting with a restated profit range of RMB80 million to RMB100 million for the year ended 31 December 2023. The previously reported profit for 2023 was RMB123.6 million.

Trading in the Company’s shares remains suspended on the Stock Exchange since 28 August 2024. The unaudited consolidated results for the Period and the Year, along with details of the Prior Year Adjustments, are expected to be announced on 21 November 2025.