---
title: "Strong Petrochemical Flags Sharply Wider 2024 Loss Amid Takeover Uncertainty"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288010674.md"
description: "Strong Petrochemical Holdings Limited expects a significantly wider loss of HK$325 million to HK$340 million for 2024, compared to a loss of HK$95.4 million in 2023. This decline is attributed to higher impairment charges, weaker gross profit, and rising expenses. The company is under takeover scrutiny following the liquidation of its major shareholder, urging caution among investors."
datetime: "2026-05-29T04:37:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288010674.md)
  - [en](https://longbridge.com/en/news/288010674.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288010674.md)
---

# Strong Petrochemical Flags Sharply Wider 2024 Loss Amid Takeover Uncertainty

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Strong Petrochemical Holdings Limited ( (HK:0852) ) has shared an announcement.

Strong Petrochemical Holdings has warned that it expects to post a substantially wider loss attributable to shareholders of between HK$325 million and HK$340 million for the year ended 31 December 2024, compared with an audited loss of HK$95.4 million a year earlier. The deterioration is mainly linked to higher impairment charges on an associate, property, plant and equipment, and right‑of‑use assets, alongside weaker gross profit, reduced gains from crude oil and oil product derivatives, and rising administrative and other expenses, partly offset by lower impairment on an unlisted equity investment.

The preliminary figures, drawn from unaudited management accounts and still subject to final adjustments, come as the company remains in an offer period under Hong Kong’s Takeovers Code following the liquidation of its controlling shareholder Forever Winner International Ltd. and the ongoing search for a buyer of its near‑49% stake. The profit warning, which constitutes a profit forecast under takeover rules, underscores mounting operational and balance‑sheet pressures that could weigh on valuation and complicate any potential change of control, prompting the company to urge shareholders and prospective investors to exercise caution when trading its shares.

**More about Strong Petrochemical Holdings Limited**

Strong Petrochemical Holdings Limited is a Hong Kong‑listed energy company engaged in the petrochemical sector, with activities that include trading of crude oil and oil‑related products and associated derivative financial instruments. The group focuses on regional oil markets and related assets, including interests in associates, property, plant and equipment, and right‑of‑use assets that support its trading and operations.

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$352.5M

Find detailed analytics on 0852 stock on TipRanks’ Stock Analysis page.

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