---
title: "SING LEE expects mid-term losses to decrease to approximately 7 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251222637.md"
description: "SING LEE expects that the loss for the six months ending June 30, 2025, will decrease to approximately 7 million yuan, an improvement compared to about 10.426 million yuan in the same period of 2024. The board pointed out that the reduction in loss is mainly due to the reversal of impairment losses on long-term uncollected receivables, increased foreign exchange gains, and ongoing cost savings"
datetime: "2025-08-01T14:29:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251222637.md)
  - [en](https://longbridge.com/en/news/251222637.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251222637.md)
---

# SING LEE expects mid-term losses to decrease to approximately 7 million yuan

According to the Zhitong Finance APP, SING LEE (08076) announced that the group expects to reduce its loss for the six months ending June 30, 2025, to approximately RMB 7 million, compared to a loss of approximately RMB 10.426 million for the six months ending June 30, 2024.

The board of directors believes that the reduction in loss is mainly due to the reversal of impairment losses related to long-term uncollected receivables; compared to the losses recorded during the 2024 period, the increase in foreign exchange gains has turned other gains and losses into income, and ongoing cost savings have led to a reduction in management expenses

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