CHINA BAOLI TEC(00164) issues profit warning, expecting the mid-term loss to increase to approximately HK$14 million to HK$18 million compared to the same period last year.
China Baoli Technology (00164) issued an announcement, expecting that the Group will achieve... by the end of the period (ending September 30, 2025)...
CHINA BAOLI TEC (00164) announced that the Group is expected to incur a unaudited loss between approximately HK$14 million and HK$18 million for the current period (six months ended September 30, 2025), compared to a unaudited loss of approximately HK$7.5 million for the six months ended September 30, 2024.
Based on the information currently available, the increase in the Group's unaudited loss for the period is mainly attributed to (i) the absence of reversal of impairment losses under the expected credit loss model; (ii) a decrease in other income for the period, including a decrease in settlement gains; and (iii) an increase in foreign exchange losses compared to the same period in 2024.
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