ANXIANYUAN CH (00922) Issues Profit Warning, Expects Interim Results to Turn from Profit to Loss Year-on-Year
Stock News
Nov 07
ANXIANYUAN CH (00922) announced that the group expects to record a loss for the six months ending September 30, 2025, compared to a profit of approximately HKD 18.2 million in the same period in 2024. The loss is primarily attributable to additional reassessed value-added tax and Chinese income tax payments totaling around HKD 13.1 million and HKD 2.5 million, respectively, for prior periods. These payments were made after the company's subsidiaries in China received notifications from the Chinese tax authorities. The additional taxes are expected to be recognized as losses in the current period's financial results. The final accounting treatment and related amounts will be confirmed after an audit by the company's independent auditors.
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