02187

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[Corporate Profit Warning] ZHIXIN GP HLDG expects last year's net loss to narrow to approximately 58 million RMB

etnet

Feb 25 at 02:45 AM

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According to a report from Economic Information Daily on the 25th, ZHIXIN GP HLDG issued a profit warning, expecting to record a net loss of approximately HKD 58 million (RMB, the same below) for the year ending last December, while a net loss of approximately HKD 75.2 million is expected for the same period in 2024. The company explained that the anticipated narrowing of losses is mainly due to the recovery of trade receivables for which impairment losses were previously recognized last year, which offsets the decrease in total revenue and the increase in gross losses. (jl)

According to a report from Economic Information Daily on the 25th, ZHIXIN GP HLDG (02187) issued a profit warning, expecting to record a net loss of approximately HKD 58 million (RMB, the same below) for the year ending last December, while a net loss of approximately HKD 75.2 million is expected for the same period in 2024.

The company explained that the anticipated narrowing of losses is mainly due to the recovery of trade receivables for which impairment losses were previously recognized last year, which offsets the decrease in total revenue and the increase in gross losses. (jl)

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