Hong Wei (Asia) Holdings Company Limited announced a profit warning for the financial year ending 31 December 2025 (FY2025). Based on unaudited management accounts, the Group expects a loss attributable to shareholders of between HK$130.00 million and HK$180.00 million, substantially wider than the HK$46.20 million loss recorded in FY2024.

Management cites three primary factors driving the anticipated downturn:

1. A decline in revenue and gross profit from particleboard sales. 2. Higher provisions for impairment of trade receivables. 3. Impairment losses on certain items of property, plant and equipment.

The FY2025 results are still being finalised and have not yet been reviewed by the audit committee or the external auditor. The company plans to publish its full annual results on 31 March 2026, in accordance with GEM Listing Rules.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares until the final results are released.