KINGWISOFT TECH Issues Profit Warning, Anticipates Annual Net Loss Attributable to Shareholders to Narrow Year-on-Year to No More Than RMB 150 Million
Stock News
Jun 17
KINGWISOFT TECH (08295) has announced a profit warning, indicating that the net loss attributable to the company's owners for the financial year ending March 31, 2026, is expected not to exceed RMB 150 million. This compares to a net loss of RMB 207.7 million for the previous financial year ending March 31, 2025.
The anticipated reduction in the net loss is primarily attributed to a decrease in recognized non-cash goodwill impairment losses. This decrease is a result of the group's goodwill having been fully impaired as of March 31, 2025.
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