LET GROUP (01383) issued a profit warning, expecting a mid-term unaudited loss of approximately HKD 42.8 million for shareholders, a decrease from the same period last year.

date
11/08/2025
Zhixin Finance APP News, LET GROUP (01383) announced that the Group is expected to incur a shareholder attributable unaudited loss of approximately 42.8 million Hong Kong dollars for the six months ending on June 30, 2025, while the shareholder attributable unaudited loss for the six months ending on June 30, 2024 (first half of 2024) is approximately 75.3 million Hong Kong dollars. The expected unaudited loss for shareholders in the reporting period is mainly attributed to the following net impacts: interest income in the reporting period increased by approximately 13.4 million Hong Kong dollars compared to the first half of 2024, of which shareholders' share is approximately 9.4 million Hong Kong dollars; no reversal of losses from a joint venture company in the reporting period, while a reversal of losses from a joint venture company of approximately 234 million Hong Kong dollars was obtained in the first half of 2024; financing costs in the reporting period increased by approximately 12.2 million Hong Kong dollars compared to the first half of 2024; net exchange gain of approximately 185 million Hong Kong dollars was obtained in the reporting period (of which shareholders' share is approximately 115 million Hong Kong dollars), while a net exchange loss of approximately 185 million Hong Kong dollars (of which shareholders' share is approximately 149 million Hong Kong dollars) was obtained in the first half of 2024.
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According to the news from the "Baotou Release" WeChat public account, on August 11, Baotou City held a government-business forum on the crystal silicon photovoltaic industry. Chen Zhichang, the Secretary of the Municipal Party Committee, Meng Qingwei, the Deputy Secretary of the Municipal Party Committee and Mayor, and 10 leaders of crystal silicon photovoltaic enterprises held face-to-face discussions to promote cooperation between government and enterprises and seek high-quality development of the crystal silicon photovoltaic industry. During the forum, leaders of companies such as Meike Shares, Daquan New Energy, Tongwei High-purity Crystal Silicon, Shuangliang Silicon Materials, Hongyuan New Materials, Newtex Silicon Materials, Jinko Solar, Xinyuan Silicon Materials, Atersun Solar Energy, and Dongfang Risheng New Energy each presented their views and suggestions regarding their own development and the industry situation, expressing confidence in the industry's prospects and in the development of Baotou, and indicating their commitment to deepen pragmatic cooperation with Baotou. Chen Zhichang stated that we must always maintain confidence in development, strengthen analysis and judgment of industry development trends, address industry cyclic adjustments correctly, further refine and improve policies and measures to support the development of the crystal silicon photovoltaic industry, and promote the high-quality development of the industry through collaborative efforts between government and enterprises. It is necessary to adhere to technological innovation to lead industrial innovation, focus on new technology R&D and downstream application expansion, deepen pragmatic cooperation with various enterprises, and promote the extension, complementation, and strengthening of the industrial chain. It is important to fully leverage the advantages of green electricity, increase the application of green production processes, play a leading and exemplary role in green and low-carbon development. Leveraging Baotou's solid equipment manufacturing industry foundation to expand cooperation with various enterprises and attract more industrial projects to Baotou. Increase stable and effective financial support for enterprises, promote in-depth government-bank-enterprise coordination, tailor financial solutions to address the financing difficulties faced by companies. Strengthen resource guarantee, make efforts to solve problems in areas such as water, electricity, land use, and industrial park facilities that are raised by companies, and continuously improve the business environment in practice.
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