HUAIBEI GD CO (02450) Issues Profit Warning, Anticipates Shareholder Net Loss to Widen to Approximately 25-35 Million Yuan in 2025
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Yesterday
HUAIBEI GD CO (02450) has announced an anticipated net loss attributable to equity shareholders for the group in 2025, estimated to be between approximately RMB 25 million and RMB 35 million. This compares to a net loss attributable to equity shareholders of approximately RMB 22 million for the 2024 financial year. The board of directors attributes the expected loss for the reporting period primarily to (i) a sharp decline and suspension of operations in the concrete business; (ii) a further decrease in aggregate prices during the reporting period; and (iii) an increased provision for impairment losses on property, plant, and equipment recognized in the reporting period.
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