VESON HLDG issued a profit warning, expecting a net loss attributable to shareholders of approximately 14.5 million yuan for the interim period, a year-on-year turnaround from profit to loss
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VESON HLDG issued a profit warning, expecting to record a net loss attributable to shareholders of approximately HKD 14.5 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 5.5 million in the same period last year. Although sales of ODM battery products increased by 5% year-on-year, sales revenue did not grow due to a decline in selling prices. Management stated that the increased administrative expenses were mainly used to enhance employee retention and drive innovation, which will have a short-term impact on operating profit
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