Hang Yick Holdings Company Limited has issued a profit warning, indicating the company is expected to incur a loss of not less than approximately HK$20 million for the year ended 31 March 2025. This marks a significant increase compared to the loss of approximately HK$4.1 million recorded for the previous year ending 31 March 2024. The company attributes this increased loss to significant expected credit losses driven by deteriorating market conditions. Shareholders and potential investors are urged to exercise caution when dealing in the company's shares. The board of directors, led by Chairman Deng Chaowen, has based this guidance on a preliminary review of the unaudited management accounts and available information.
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.