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Shenzhen Metro Group Posts Nearly RMB37.197 Billion Loss Last Year; Xin Jie No Longer Serves as Chairman
Shenzhen Metro Group announced that for 2025, the company recorded a loss of approximately RMB37.197 billion within the scope of its consolidated financial statements, accounting f...
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Shenzhen Metro Group Posts Nearly RMB37.197 Billion Loss Last Year; Xin Jie No Longer Serves as Chairman
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Shenzhen Metro Group announced that for 2025, the company recorded a loss of approximately RMB37.197 billion within the scope of its consolidated financial statements, accounting for 12.34% of its net assets as at the end of the previous year and exceeding 10%. The loss was mainly attributable to a loss reported by its associate, CHINA VANKE (02202.HK)  -0.050 (-1.582%)    Short selling $4.16M; Ratio 8.344%   , for the same year. The company recognized investment losses on its long-term equity investment in CHINA VANKE and made provisions for investment impairment losses, resulting in a loss for the year.

On the same day, Shenzhen Metro Group announced that, in accordance with relevant procedures, Xin Jie no longer serves as chairman of the company. The position is currently vacant and a successor has yet to be appointed. The personnel change has been reviewed and approved by the competent authority.

Shenzhen Metro Group stated that the personnel change will not have a material adverse impact on its daily management, production and operations, or debt servicing capability. The relevant industrial and commercial registration change procedures are still in progress. (ta/w) (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)

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