ARTGO HOLDINGS (03313) is expected to incur a net loss of approximately RMB 85 million in the fiscal year 2025.
Yagao Holdings (03313) announced that it is expected to incur a net loss of approximately RMB 85 million for the year ending December 31, 2025, a decrease of approximately RMB 200 million compared to the same period in 2024. The decrease in net loss is mainly attributed to (i) the absence of a write-off of mining rights of approximately RMB 234 million in the 2024 fiscal year; and (ii) the recognition of an impairment loss on property, plant, and equipment of approximately RMB 16 million in the 2025 fiscal year.
ARTGO HOLDINGS (03313) announced that it is expected to have a net loss of approximately RMB 85 million for the year ending December 31, 2025, a decrease of approximately RMB 2 billion compared to the same period in 2024. The expected decrease in net loss is mainly due to (i) the absence of RMB 234 million in mining rights impairment in the 2024 fiscal year; and (ii) a net impact of approximately RMB 16 million in impairment losses on properties, plants, and equipment recognized in the 2025 fiscal year.
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