Hengan International Group (01421.HK) issued a profit warning, expecting an annual attributable loss of approximately HK$19-26 million, a decrease year-on-year.

The Zhongtong Financial APP reports that Heng Chang International Group (01421.HK) has announced that the group expects to incur a net loss attributable to owners of the company of approximately 19 to 26 million Hong Kong dollars for the fiscal year 2025, compared to a net loss of approximately 47 million Hong Kong dollars for the year ended June 30, 2024. The decrease in net loss attributable to owners of the company is primarily due to improvements in gross profit, reduction in administrative expenses resulting from the group's optimization of its operational processes to increase efficiency and control costs, and a decrease in expected credit losses provision for financial assets measured at amortized cost.