Weigang Environmental Technology Warns of Wider Loss in 2025

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Weigang Environmental Technology Holding Group (HKG:1845) expects an attributable loss of between 63 million yuan and 65 million yuan for the year 2025, wider than 48.6 million yuan a year prior, according to a Monday Hong Kong bourse filing.

The hazardous waste incineration turnkey solutions provider attributed the forecast to impairment losses for a project, as well as goodwill arising from the Group's acquisition of Xinjiang Tiansheng, and a reversal of deferred tax assets recognized in previous years.

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