Hong Wei Asia Issues Profit Warning, Anticipates Shareholder Loss of HKD 1.3-1.8 Billion for FY 2025

Stock News

Mar 28

Hong Wei Asia (08191) has announced that the group expects a significant increase in the company's attributable loss for the fiscal year ending December 31, 2025, compared to the 2024 fiscal year. The group currently estimates the attributable loss for the 2025 fiscal year to be between approximately HKD 1.30 billion and HKD 1.80 billion, whereas the loss for the 2024 fiscal year was approximately HKD 46.20 million. The board of directors attributes the anticipated substantial rise in the attributable loss for the 2025 fiscal year primarily to the following factors: (i) a decrease in revenue and gross profit from the sale of particle boards; (ii) an increase in impairment provisions for trade receivables; and (iii) the recognition of impairment losses on certain property, plant, and equipment items.

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The group currently estimates the attributable loss for the 2025 fiscal year to be between approximately HKD 1.30 billion and HKD 1.80 billion, whereas the loss for the 2024 fiscal year was approximately HKD 46.20 million. The board of directors attributes the anticipated substantial rise in the attributable loss for the 2025 fiscal year primarily to the following factors: (i) a decrease in revenue and gross profit from the sale of particle boards; (ii) an increase in impairment provisions for trade receivables; and (iii) the recognition of impairment losses on certain property, plant, and equipment items.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1210","symbol_name":"林业产品","start_time":0,"source_url":"","article_id":"1130629153","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130629153","pubTimestamp":1774631057,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Hong Wei Asia (08191) has announced that the group expects a significant increase in the company's attributable loss for the fiscal year ending December 31, 2025, compared to the 2024 fiscal year....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1210":"林业产品","08191":"鸿伟亚洲"},"translate_title":"鸿威亚洲发布盈利预警，预计2025财年股东亏损1.3-18亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"08191":1},"content_text":"Hong Wei Asia (08191) has announced that the group expects a significant increase in the company's attributable loss for the fiscal year ending December 31, 2025, compared to the 2024 fiscal year. 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