CHINA CBM Issues Profit Warning, Anticipates Annual Net Loss Between 58-63 Million Yuan
Stock News
Mar 20
CHINA CBM (08270) has announced an expected net loss for the fiscal year ending December 31, 2025. The projected loss is estimated to be no less than RMB 58 million and no more than RMB 63 million. This represents a significant increase compared to the net loss of approximately RMB 34.6 million recorded for the previous fiscal year ending December 31, 2024. The primary reason for the anticipated rise in net loss is a provision of about RMB 18.8 million made during the year by a wholly-owned subsidiary. This provision is related to a claim concerning a contingent litigation liability.
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