DOWWAY (08403) issues profit warning, expecting a net loss attributable to shareholders of no less than 20 million yuan in the 2025 financial year.
Tianping Daohe (08403) announced that the Group is expected to incur a net loss attributable to owners of the company of not less than RMB 20 million for the year ending December 31, 2025, while the net comprehensive loss attributable to owners of the company for the year 2024 is approximately RMB 5.746 million. The increase in losses is mainly due to (a) the Group's decision to discontinue a project with a major customer with very low profit margins, as well as delays in the re-tendering process for another project, resulting in a significant decrease in revenue; (b) increase in administrative expenses and technology development expenses to support the Group's strategic expansion into the digital service ecosystem in the fiscal year 2025.
DOWWAY (08403) announced that the group is expected to incur a net loss attributable to owners of the company of no less than RMB 20 million in the year ending December 31, 2025, while the net comprehensive loss attributable to owners of the company is estimated to be approximately RMB 5.746 million in 2024. The increase in losses is mainly due to (a) the group's decision to discontinue a low-profit project with a major client, and delays in the re-tendering process for another project, resulting in a significant decrease in revenue; (b) an increase in administrative expenses and technology development expenses to support the group's strategic expansion into the digital service ecosystem in the fiscal year 2025.
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