Yuan Heng Gas Holdings Limited has issued a profit warning for the financial year ended 31 March 2025, indicating an expected substantial net loss between RMB2,200 million and RMB2,600 million. The net loss attributable to shareholders is anticipated to range from approximately RMB2,100 million to RMB2,500 million. This is a significant increase compared to a net loss of approximately RMB171 million and RMB164 million attributable to shareholders in the previous financial year. The increased loss is partly due to a significant rise in the provision for impairment loss on trade receivables from a Singapore-based customer, amounting to around RMB564 million for FY25. The financial figures are based on preliminary assessments from unaudited consolidated management accounts and are subject to audit and further review by the company's independent auditors. The actual results may be adjusted based on updated information and further reviews. Shareholders and potential investors are advised to act cautiously when dealing in the company's shares.
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