SUNWAY INT'L (00058) issued a profit warning, expecting a year-on-year reduction of approximately 25% to 35% in comprehensive losses for the fiscal year 2025.
Xinwei International (00058) announced that it is expected that the group's comprehensive loss for the year ending December 31, 2025 will decrease by approximately 25% to 35% compared to the same period in 2024. The decrease in expected comprehensive loss is partly due to the stabilization of the property market in China and related business divisions since the end of 2025. This is attributed to the following factors: (i) an expected decrease of approximately 27 million Hong Kong dollars in impairment losses on trade and other receivables recognized under the credit loss model; (ii) a decrease of approximately 20% in revenue related to the group's manufacturing and trading business in China; and (iii) a decrease in overall gross profit margin due to the deteriorating performance of aerated concrete products since 2024.
SUNWAY INT'L (00058) announced that the Group expects the comprehensive loss for the year ending December 31, 2025 to decrease by approximately 25% to 35% compared to the same period in 2024. The decrease in expected comprehensive loss is partly due to the stabilization of the downturn in the property market and related business segments in the People's Republic of China (China) since the end of 2025, attributed to the following factors: (i) a decrease in impairment losses of trade and other receivables recognized under the expected credit loss model of approximately HK$27 million; (ii) a decrease in revenue related to the Group's manufacturing and trading business in China by approximately 20%; and (iii) a decrease in overall gross profit margin, as the operating performance of autoclaved aerated concrete products deteriorated since 2024.
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