TRIGIANT (01300) Issues Profit Warning, Expects Interim Profit to Drop Approximately 38.9% to Around RMB 25 Million

Stock News
Aug 22

TRIGIANT (01300) announced that the group expects to achieve a profit of approximately RMB 25 million for the first half of 2025, representing a decrease of about 38.9% compared to the unaudited profit of approximately RMB 40.9 million for the six months ended June 30, 2024. The reduction in group profit is primarily attributed to the following factors: (1) The group's preliminary assessment indicates that impairment losses under the expected credit loss model, net of reversals, for the first half of 2025 amount to approximately RMB 17.8 million, an increase of about 137.8% compared to the first half of 2024, due to a slight aging of trade receivables in the first half of 2025; and (2) The group's other income for the first half of 2025 was approximately RMB 4.3 million, a decrease of about 74.0% compared to the first half of 2024, mainly due to the conclusion of VAT credit benefits and reduced interest income in the first half of 2025.

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