YING HAI GROUP (08668) issues profit warning, with shareholders' expected net loss for the year 2025 significantly increasing to approximately HK$14 million.
Evergrowing Group (08668) announced that it expects the attributable loss to owners of the company for the year ending December 31, 2025 to increase significantly compared to the year 2024. The expected attributable loss to owners of the company for the 2025 financial year is not expected to exceed approximately HK$14 million, while the attributable loss to owners of the company for the 2024 financial year was approximately HK$9.5 million.
YING HAI GROUP (08668) announces that the expected attributable loss of the company owners for the year ending December 31, 2025 is expected to increase significantly compared to the year 2024. The expected attributable loss of the company owners for the financial year 2025 is expected to not exceed approximately 14 million Hong Kong dollars, while the attributable loss of the company owners for the financial year 2024 was approximately 9.5 million Hong Kong dollars.
The Board of Directors believes that the expected increase in the attributable loss of the company owners for the financial year 2025 is mainly due to a decrease in gross profit margin and impairment losses on trade receivables recognized based on the expected credit loss model.
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