FREETECH (06888) Issues Profit Warning, Expects Annual Net Loss of Approximately HK$50 Million, Shifting from Profit to Loss Year-on-Year

Stock News

2025/12/19

FREETECH (06888) announced that the Group expects to report a net loss attributable to the company's owners of approximately HK$50 million for the fiscal year ending December 31, 2025, compared to a net profit of about HK$12.6 million in the previous fiscal year ending December 31, 2024.

The anticipated net loss for the 2025 fiscal year is primarily attributed to the following factors: 1. Delays in the confirmation of funding for certain asphalt pavement maintenance service projects, which have been postponed to 2026, leading to an expected decline in revenue from the Group's asphalt pavement maintenance business. 2. The Group is expected to recognize impairment losses on receivables and contract assets for the fiscal year ending December 31, 2025.

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Delays in the confirmation of funding for certain asphalt pavement maintenance service projects, which have been postponed to 2026, leading to an expected decline in revenue from the Group's asphalt pavement maintenance business.  \n2. The Group is expected to recognize impairment losses on receivables and contract assets for the fiscal year ending December 31, 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06888","symbol_name":"英达公路再生科技","start_time":0,"source_url":"","article_id":"1135810876","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135810876","pubTimestamp":1766134575,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"FREETECH (06888) announced that the Group expects to report a net loss attributable to the company's owners of approximately HK$50 million for the fiscal year ending December 31, 2025, compared to a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06888":"英达公路再生科技","BK1185":"公路与铁路"},"translate_title":"福瑞泰克(06888)发盈警，预计全年净亏损约5000万港元，同比由盈转亏","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06888":1},"content_text":"FREETECH (06888) announced that the Group expects to report a net loss attributable to the company's owners of approximately HK$50 million for the fiscal year ending December 31, 2025, compared to a net profit of about HK$12.6 million in the previous fiscal year ending December 31, 2024.\nThe anticipated net loss for the 2025 fiscal year is primarily attributed to the following factors:  \n1. Delays in the confirmation of funding for certain asphalt pavement maintenance service projects, which have been postponed to 2026, leading to an expected decline in revenue from the Group's asphalt pavement maintenance business.  \n2. The Group is expected to recognize impairment losses on receivables and contract assets for the fiscal year ending December 31, 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}