WG ENV TECH (01845) announced that, compared to a net loss of RMB 55.3 million for the 2024 financial year, the company expects to record a net loss in the range of approximately RMB 76 million to RMB 78 million for the year ending December 31, 2025. Furthermore, compared to a loss attributable to the company's owners of RMB 48.6 million in 2024, a loss attributable to owners of approximately RMB 63 million to RMB 65 million is anticipated for the 2025 financial year.

The expected losses for 2025 are primarily attributed to the following factors: (1) An impairment provision of approximately RMB 17 million to RMB 18 million for the Jiangmen anaerobic cracking project, based on an assessment by an independent third-party valuer. This decision was made by management after careful consideration, due to the project's lengthy construction and R&D cycles, ongoing technical upgrades to equipment, and concerns over its commercial prospects. The valuation was conducted based on the latest project status and subsequent operational plans formulated by management. (2) An impairment of approximately RMB 14 million to RMB 15 million on the goodwill arising from the group's acquisition of Xinjiang Tiansheng, also based on an independent valuer's assessment. This impairment reflects concerns about the project's commercial outlook and was determined using the latest project information and management's future operational plans. (3) A reversal of deferred tax assets previously recognized by the group, with a reversal amount estimated to be between RMB 9 million and RMB 10 million.