ASIA STRAT TECH (01027) issued a profit warning, expecting a net loss of approximately 10 million yuan in 2025, a loss compared to the same period last year.

Asia Strategy Technology (01027) announced that, compared to the net profit of approximately RMB 11 million for the year ending December 31, 2024, the Group expects to incur a net loss of approximately RMB 10 million for the year ending December 31, 2025. This loss is mainly due to a decrease in revenue of approximately RMB 76 million for the year ending December 31, 2025, resulting from poor market conditions leading to a decline in demand for umbrella accessories; and an impairment loss of approximately RMB 10 million for properties, factories, and equipment for the year ending December 31, 2025.