XIANGXING INT issued a profit warning, expecting an annual net loss of approximately 10 million yuan, turning from profit to loss year-on-year
According to the announcement from XIANGXING INT, the group expects to incur a net loss of approximately RMB 10 million for the year ending December 31, 2024, compared to an annual profit of approximately RMB 10.5 million for the year ending December 31, 2023. This loss is primarily due to an increase in impairment losses on trade and other receivables under the expected credit loss model, as well as an increase in impairment losses on properties, plants, and equipment
According to the announcement from XIANGXING INT (01732), the group expects to incur a net loss of approximately RMB 10 million for the year ending December 31, 2024, compared to an annual profit of approximately RMB 10.5 million for the year ending December 31, 2023. This loss is primarily due to an increase in impairment losses on trade and other receivables under the expected credit loss model, as well as impairment losses on properties, plants, and equipment
