Skyworth Group Limited Issues Profit Warning Amid Declining Real Estate Market and Increased Impairment Provisions
Reuters
Jul 29
<a href="https://laohu8.com/S/SWDHF">Skyworth Group Limited</a> Issues Profit Warning Amid Declining Real Estate Market and Increased Impairment Provisions
Skyworth Group Limited has issued a profit warning, indicating a significant expected decrease in profit after tax for the first half of 2025. The company anticipates a reduction of approximately 50% compared to the same period in 2024. This downturn is primarily attributed to a prolonged slump in China's real estate market, which has necessitated impairment provisions for some of the Group's properties. Additionally, the performance of the company's smart systems technology sector has been impacted by intense market competition and a sharp drop in the sales unit price of smart devices, leading to decreased revenue and gross profit margins. Skyworth Group has stated that it will continue to monitor market trends and may adjust asset values as market conditions evolve. Shareholders and potential investors are advised to exercise caution and seek professional advice when dealing with the company's shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyworth Group Limited published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.
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.