POWER XINCHEN Issues Profit Warning, Anticipates 45% Drop in Annual Net Profit
Stock News
Mar 13
POWER XINCHEN (01148) has announced an expected profit attributable to equity shareholders for the year ending December 31, 2025, of no more than RMB 21 million. This represents a decrease of approximately 45.0% compared to the 2024 fiscal year. The primary reason for the decline is a significant reduction of about RMB 88.2 million in the reversal of impairment losses recognized in the 2024 period. In contrast, no substantial reversal of impairment losses is anticipated for the 2025 fiscal year. Although the group achieved lower operating expenses during the period, this improvement was insufficient to offset the absence of the major one-time reversal contributions recorded in previous years.
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