TAT HONG EQUIP (02153) issued a profit warning, expecting the mid-term net loss to increase by 30-40 million yuan compared to the same period last year.

TAT HONG EQUIP (02153) announced that the group is expected to incur a net loss of RMB 30 million to RMB 40 million for the six months ending on September 30, 2024, compared to a net loss of approximately RMB 20.4 million for the same period ending on September 30, 2023. The increase in the expected net loss is mainly due to the slowing economic growth and a decline in revenue caused by a weak construction industry market.