Anxian Yuan China Warns of Loss on Tax Revaluation
Reuters
Nov 07
Anxian Yuan China Warns of Loss on Tax Revaluation
Anxian Yuan China Holdings Ltd. has issued a profit warning, announcing that it expects to record a loss for the period ended 30 September 2025, compared to a profit of approximately HK$18.2 million in the same period last year. The loss is mainly attributed to additional revaluation of Value Added Tax (VAT) and PRC Income Tax, totaling around HK$13.1 million and HK$2.5 million respectively, which were paid by its PRC subsidiaries for prior periods following notification from Chinese tax authorities. The company stated that these additional taxes will be recognized as a loss in its financial results for the period, although the final accounting treatment is pending audit. The board does not expect these tax adjustments to have a material adverse effect on the group's operations. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
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