HILONG (01623) issues profit warning, expecting a net loss of not more than approximately 450 million yuan for the financial year 2025.
Hilong Holdings (01623) announced that compared to a profit of approximately RMB 30 million for the year 2024, the group is expected to incur a net loss of no more than approximately RMB 450 million for the year ended December 31, 2025. The main reason for the shift from profit to loss is due to the loss from the sale of the vessel. Apart from the above, the group's business operations remain stable and have not been significantly affected.
HILONG (01623) announced that compared to the profit of approximately RMB 30 million in the year 2024, the Group is expected to incur a net loss of no more than approximately RMB 450 million for the year ending December 31, 2025. The main reason for the shift from profit to loss is the loss from the sale of the vessel. Apart from the above, the Group's business operations remain stable and have not been significantly impacted.
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