FY FINANCIAL Projects Net Loss of 11-12.5 Million Yuan for First Half of Fiscal Year
Stock News
Aug 12
FY FINANCIAL (08452) has issued a profit warning, with the group expecting a net loss of approximately RMB 11 million to RMB 12.5 million for the six months ending June 30, 2026. This compares to a net loss of about RMB 1.39 million in the same period last year.
The increased loss for the period is primarily attributed to three factors: first, the energy storage business has experienced a significant decline in sales revenue, driven by rising battery raw material prices, tightening supply, and intensified terminal price competition. Second, the factoring business has seen a decrease in revenue. Third, the company has incurred a loss of other income from the disposal of a financial asset.
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