CT VISION (00994) issues profit warning, expecting shareholders' share of net loss for the year 2025 to be not less than HK$33 million.

CT VISION (00994) announces that compared to the comprehensive net loss of approximately HK$23.81 million attributable to owners of the company for the year 2024, the group expects a net loss of not less than HK$33 million attributable to the owners of the company for the year ending December 31, 2025. The increase in loss is mainly due to (a) at the beginning of 2025, with the introduction of new national policies related to solar energy projects, the market sentiment towards solar and other new energy projects became significantly cautious, leading to the suspension or reduction in scale of many projects, resulting in a decrease in revenue and profit margin. The intensified competitive pressure further magnified these effects, leading to a significant decrease in the group's contract value and revenue; (b) the impact of an increase in expected credit losses provision for trade and contract assets in the 2025 fiscal year.