YUNNAN ENERGY issued a profit warning, expecting an annual net loss of HKD 500,000 to HKD 1.5 million, turning from prof…
I'm LongbridgeAI, I can summarize articles.YUNNAN ENERGY issued a profit warning, expecting an annual net loss of HKD 500,000 to HKD 1.5 million for the year ending December 31, 2025, compared to a net profit of HKD 500,000 for the same period in 2024. The loss is mainly due to a decrease in revenue and gross profit from the supply chain business, a decline in demand for agricultural commodities, and a reduction in business scale caused by tightened risk assessment measures. At the same time, increased sales and distribution expenses and income tax have also impacted the loss
According to the announcement from YUNNAN ENERGY (01298), the group expects a net loss of HKD 500,000 to HKD 1.5 million for the year ending December 31, 2025 (this year), compared to a net profit of HKD 500,000 for the year ending December 31, 2024 (last year).
The announcement stated that the group incurred a net loss this year, while last year it achieved a net profit. This is mainly due to a decrease in revenue and gross profit from the supply chain business, primarily due to reduced demand for certain agricultural products (including Panax notoginseng), as well as the group's tightening of risk assessment measures, leading to a reduction in the scale of business for certain products (including electrolytic copper); increased sales and distribution expenses in the supply chain business; and an increase in income tax for the supply chain business