SHUNTEN INTL Forecasts Narrowed Annual Loss, Expecting HK$24-29 Million Deficit

Stock News
Yesterday

SHUNTEN INTL Holdings has issued a profit warning announcement.

The group anticipates recording an unaudited consolidated loss attributable to company owners of approximately HK$24 million to HK$29 million for the financial year ending March 31, 2026.

This represents a decrease compared to a consolidated loss attributable to owners of approximately HK$36 million for the previous year ended March 31, 2025.

The board of directors attributes the reduction in the consolidated loss for the relevant year primarily to the net impact of two key factors.

Firstly, the gross profit for the year saw a slight decrease of about HK$6 million compared to the preceding year.

This reduction is due to increased sales discount arrangements offered to customers, coupled with higher raw material costs for newly launched and upgraded products.

Secondly, the fair value loss on investment properties decreased significantly by approximately HK$14 million for the year.

This improvement stems from a moderation in the downturn of the Hong Kong property market during the relevant year compared to the previous corresponding period.

The group maintains sufficient liquidity and continues to operate its business in a sustainable and healthy manner.

Management is focused on implementing effective measures to expand business channels, strengthen brand image, optimize the cost structure, and enhance the company's competitive advantages.

The company is committed to leveraging its strengths to improve business performance over the long term.

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