HC TECH GP (01116) Issues Profit Warning, Expects Annual Net Loss Attributable to Equity Holders of Approximately RMB 40-60 Million

Stock News
Sep 12

HC TECH GP (01116) announced that the group expects to record a net loss attributable to equity holders of approximately RMB 40-60 million for the year ending June 30, 2025, compared to a restated profit attributable to equity holders of approximately RMB 140-160 million for the same period in 2024.

The group's 2024 results were restated from a loss attributable to equity holders of RMB 14.7 million, primarily due to the reversal of acceptance bill balances and the cancellation of gains from subsidiary consolidation during 2024.

For the 2025 financial year, the group incurred share option expenses of RMB 27.5 million, recorded a loss of RMB 4.5 million from the disposal of a subsidiary, experienced a decrease in gross profit of RMB 4.6 million, and received government subsidies that were RMB 3.3 million lower compared to 2024.

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