HYBRID KINETIC(01188) announces profit joy, expecting net profit for the year 2025 not less than 30 million Hong Kong dollars, turning loss into profit.
Zhengdao Group (01188) announced that it expects to achieve a net profit of not less than 30 million Hong Kong dollars for the year ending December 31, 2025 (reporting period), while in the same period in 2024, a net loss of approximately 14 million Hong Kong dollars was recorded.
HYBRID KINETIC (01188) announces that it expects to achieve a net profit of not less than 30 million Hong Kong dollars for the year ending December 31, 2025 (reporting period), while in the same period in 2024 it had a net loss of approximately 14 million Hong Kong dollars.
The announcement states that the improvement from a net loss to a net profit is mainly due to (i) the recovery of revenue from the car battery and spare parts business during the reporting period; (ii) reduced administrative expenses during the reporting period; and (iii) gains from the disposal of subsidiary companies during the reporting period.
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