Huiyuan Cowins Technology (HKG:1116) expects an attributable loss of between 40 million yuan and 60 million yuan for the year ended June 30, compared with a restated attributable profit of between 140 million and 160 million yuan a year prior, a Sept. 12 Hong Kong bourse filing said.

Shares of the steel products manufacturer were down 3% in Monday afternoon trading.

The firm's prior year results were restated from an attributable loss of 14.7 million yuan, mainly due to the reversal of a promissory note balance and a gain on the deconsolidation of subsidiaries in the year.

In 2025, the company saw a share option expense, loss on the disposal of a unit, lower gross profit, and a decline in government subsidy.