China High Speed Transmission Forecasts Narrow H1 Loss

MT Newswires Live

Aug 25

China High Speed Transmission Equipment Group (HKG:0658) said it expects to report an attributable loss of about 136 million yuan for the first half of 2025, narrowing sharply from a loss of 528.7 million yuan a year earlier, according to a Monday Hong Kong bourse filing.

The loss reduction was mainly due to the absence of impairment provisions related to its trading business, which was suspended during the period, as well as stronger revenue and profit from wind and industrial gear transmission equipment.

Interim results are expected to be published on or around Aug. 29.

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