---
title: "China EnvRes expects a reduction of no less than 60% in its mid-term comprehensive losses"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228990940.md"
description: "China EnvRes expects that the unaudited consolidated loss for the six months ending December 31, 2024, will decrease by no less than 60% compared to approximately HKD 45.3 million for the same period in 2023. The board pointed out that the reasons for the reduction in loss include decreased revenue, reduced administrative and operating expenses, fair value gains on investment properties, and lower financing costs"
datetime: "2025-02-20T09:02:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228990940.md)
  - [en](https://longbridge.com/en/news/228990940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228990940.md)
---

# China EnvRes expects a reduction of no less than 60% in its mid-term comprehensive losses

According to the announcement from China EnvRes (01130), the group expects that the unaudited consolidated loss for the six months ending December 31, 2024, will decrease by no less than 60% compared to the loss of approximately HKD 45.3 million for the same period in 2023.

The board believes that this reduction is due to the combined effects of the following matters for the six months ending December 31, 2024: a decrease in revenue to approximately HKD 29.8 million due to reduced demand for products, resulting in a decrease in gross profit to approximately HKD 6.4 million; administrative and operating expenses reduced to approximately HKD 18.2 million; fair value gains on investment properties of approximately HKD 1.3 million; a decrease in losses from changes in the fair value of biological assets minus costs of sale to approximately HKD 2.8 million; financing costs reduced to approximately HKD 3 million; and a decrease in income tax credits to approximately HKD 1.1 million

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