HUABAO INTL (00336) saw its shares climb 6.03% in morning trading, currently priced at HK$5.10, with a turnover of HK$26.2069 million.

On January 29, HUABAO INTL issued an announcement stating that the Group expects to record a pre-tax loss ranging from RMB 263 million to RMB 343 million for the current fiscal year (the year ending December 31, 2025), which includes provisions for impairment of goodwill and other assets, among other provisions.

This expected loss represents a decrease of approximately 15% to 35% compared to the pre-tax loss of about RMB 402 million in the same period last year.

The pre-tax loss for the current year is primarily attributable to: share-based compensation expenses of approximately RMB 98 million at the Company and its subsidiary level; and an expected goodwill impairment loss of between RMB 470 million and RMB 530 million related to the cash-generating unit of Jiahong Food Co., Ltd. and its subsidiaries (Jiahong Food), which operates under the Company's condiments segment.