【Corporate Profit Warning】YUNNAN ENERGY expects to turn from a profit to a loss of HKD 500,000 to HKD 1.5 million last y…
I'm LongbridgeAI, I can summarize articles.YUNNAN ENERGY expects its annual net loss for the year ending December 31, 2025, to be between USD 500,000 and USD 1.5 million, compared to a net profit of USD 500,000 for the same period in 2024. The loss is primarily due to a decrease in revenue and gross profit from the supply chain business, affected by declining demand for agricultural commodities and tightening risk assessment measures, along with increased sales and distribution expenses and income tax
According to a report from Economic Information Agency on the 20th, YUNNAN ENERGY (01298) announced that for the year ending December 31, 2025, the group expects to record a net loss of between HKD 500,000 and HKD 1.5 million, while for the year ending December 31, 2024, it anticipates a net profit of HKD 500,000.
The group recorded a net loss for the current year, compared to a net profit in the previous year, primarily due to a decrease in revenue and gross profit from its supply chain business, mainly due to reduced demand for certain agricultural products (including Panax notoginseng), as well as the group's tightening of risk assessment measures, which led to a reduction in the business scale of 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. (bn)