WINSHINE SCI(00209) issues a profit warning, expecting the shareholders' attributable loss for the full year 2025 to not exceed HK$95 million.
Yingxing Science (00209) announced that compared to the approximately 73 million Hong Kong dollars loss incurred for the year ending December 31, 2024, the Group expects the loss attributable to owners of the company for the year ending December 31, 2025 (2025 financial year) to not exceed 95 million Hong Kong dollars. The expected increase in loss is mainly due to (i) decreased revenue and profits, as a result of the United States imposing tariffs on Chinese imported goods in the first half of the 2025 financial year, leading to a continuous decline in orders from American customers, as well as a sharp decrease in gross profit contributed by US sales; and (ii) the rise in minimum wages and social insurance costs in China.
WINSHINE SCI (00209) announced that, compared to the loss of approximately HK$73 million for the year ending December 31, 2024, the group expects the loss attributable to owners of the company for the year ending December 31, 2025 (2025 financial year) to not exceed HK$95 million. This expected increase in loss is mainly due to (i) a decrease in revenue and profit, as a result of the United States imposing tariffs on Chinese imports in the first half of the 2025 financial year, leading to a continuous decline in orders from American customers, and a sharp decrease in gross profit contributed by sales in the United States; and (ii) an increase in China's minimum wage and social insurance costs.
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