SHUANGHUA H issued a profit warning, expecting the net loss after tax in the first half of the year to narrow to approximately 2.1 million yuan
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SHUANGHUA H expects revenue in the first half of 2025 to be approximately 12.8 million yuan, a significant decrease from 60.6 million yuan in the first half of 2024. The after-tax net loss is expected to narrow to 2.1 million yuan, compared to 3.2 million yuan in the first half of 2024. The company stated that the decrease in revenue is mainly due to the sluggish Chinese economy and consumer downgrade, which affected sales prices and volumes. To respond to market changes, the company is actively adjusting its product and service mix, and the reduction in after-tax net loss is mainly due to the reversal of impairment losses on trade receivables
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