C Transmission (00658) Issues Profit Warning, Expects H1 Loss Attributable to Owners of Approximately RMB 136 Million
Stock News
Aug 25
C Transmission (00658) announced that compared to the loss attributable to owners of approximately RMB 528.7 million in the same period last year, the company expects to record a loss attributable to owners of approximately RMB 136 million for the first half of 2025. The main reasons for the expected reduction in losses include the suspension of trading business during this period, resulting in no impairment provisions being made for trading business, whereas significant impairment provisions were made for trade receivables in the same period last year; and increased revenue and profits generated from the wind power and industrial gear transmission equipment business compared to the same period last year.
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