YUXING INFOTECH (08005) issues profit warning, expecting annual net loss attributable to shareholders of 84 million Hong Kong dollars, a 35.5% increase from the previous year.
Yu Xing Technology (08005) announced that the Group is expected to incur a loss of HK$84 million for the year ending December 31, 2025, attributable to owners of the Company, representing an increase of 35.5% compared to the previous fiscal year.
YUXING INFOTECH (08005) announces that the group is expected to incur a loss of HK$84 million for the year ending December 31, 2025, which represents a 35.5% increase from the previous fiscal year.
The announcement states that the majority of the loss for the year ending December 31, 2025 is attributed to a decrease in revenue from the leasing of internet data centers totaling HK$32.1 million, and a decrease in sales of goods from the information and home appliance division totaling HK$88.1 million, resulting in a decrease in gross profit.
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