Anxian Yuan China Warns of Loss on Tax Revaluation

Reuters
2025/11/07
Anxian Yuan China Warns of Loss on Tax Revaluation

Anxian Yuan China Holdings Ltd. has issued a profit warning, announcing that it expects to record a loss for the period ended 30 September 2025, compared to a profit of approximately HK$18.2 million in the same period last year. The loss is mainly attributed to additional revaluation of Value Added Tax (VAT) and PRC Income Tax, totaling around HK$13.1 million and HK$2.5 million respectively, which were paid by its PRC subsidiaries for prior periods following notification from Chinese tax authorities. The company stated that these additional taxes will be recognized as a loss in its financial results for the period, although the final accounting treatment is pending audit. The board does not expect these tax adjustments to have a material adverse effect on the group's operations. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anxian Yuan China Holdings Ltd. published the original content used to generate this news brief on November 07, 2025, and is solely responsible for the information contained therein.

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