TONGDA HONG TAI (02363) Issues Profit Alert, Expects Interim Net Profit of Approximately HK$5.204 Million, Turning from Loss to Profit Year-on-Year

Stock News
08/19

TONGDA HONG TAI (02363) announced that the company expects revenue of approximately HK$50.206 million for the six months ended June 30, 2025, compared to approximately HK$21.181 million for the same period in 2024. The company anticipates net profit of approximately HK$5.204 million for the current period, versus a net loss of approximately HK$23.674 million for the corresponding period in 2024.

The expected increase in group revenue is primarily attributed to the launch of a new business segment manufacturing robot vacuum cleaner shells, which has resulted in increased sales orders. The anticipated turnaround from loss to profit is mainly due to proactive optimization of business strategies and improved resource utilization to control costs, driving enhancement in the group's overall gross profit margin; reduced impairment of property, plant and equipment; and increased foreign exchange gains resulting from the appreciation of the Renminbi during the period.

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