CHINA HONGGUANG (08646) Issues Profit Alert, Anticipates Over 150% Surge in Net Profit for 2025 Fiscal Year
Stock News
Mar 27
CHINA HONGGUANG (08646) has announced that the group expects its net profit for the fiscal year ending December 31, 2025, to achieve a significant increase of more than 150% compared to the net profit for the year ended December 31, 2024. The growth in net profit for the current year is primarily attributable to an improvement in gross profit margin and a substantial reduction in general and administrative expenses. This reduction is mainly due to the recovery of long-outstanding receivables during the year, which led to a reversal of previously recognized impairment losses on trade and other receivables.
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