China Boton (03318) Issues Profit Warning, Anticipates Goodwill Impairment Loss of No Less Than Approximately 750 Million Yuan for Tobacco Flavor Business in 2025

Stock News
01/16

CHINA BOTON (03318) announced that for the fiscal year ending December 31, 2025, the Group is considering recognizing a goodwill impairment loss of no less than approximately RMB 750 million for its tobacco flavor business. This consideration arises from a decrease in revenue from the Group's tobacco flavor business, attributed to the in-house development of tobacco flavors and a general deterioration in the overall market environment. Consequently, applying the relevant accounting principles, the Group has adopted a prudent forecast for the future sales of the tobacco flavor business, leading to the estimated goodwill impairment loss mentioned above. This goodwill impairment loss may result in the Company reporting a loss attributable to owners of the Company for the fiscal year ending December 31, 2025.

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