HYBRID KINETIC (01188) Issues Positive Profit Alert, Expects Interim Net Profit Attributable to Shareholders of Approximately HK$100,000-500,000, Turning Around from Year-on-Year Loss
Stock News
Aug 22, 2025
HYBRID KINETIC (01188) announced that it expects to achieve a net profit attributable to owners of the company of approximately HK$100,000 to approximately HK$500,000 for the six months ending June 30, 2025, compared to a net loss attributable to owners of the company of approximately HK$5.8 million for the same period in 2024. The expected turnaround from net loss to net profit is mainly attributable to (i) the recovery in revenue from in-vehicle audio-visual and short drama business, as well as battery management systems and spare parts; and (ii) the reduction in administrative expenses during the reporting period. In addition, trading remains suspended.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.