---
title: "\"Performance\" HIDILI INDUSTRY's annual loss narrowed to 623 million RMB, auditor expresses no opinion"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/281287018.md"
description: "HIDILI INDUSTRY announced its full-year results for the year ending last December, with a revenue of RMB 1.939 billion, a decrease of 10.8% compared to last year. The loss narrowed to RMB 623 million, compared to RMB 634 million in the same period last year. The independent auditor did not express an opinion, pointing out that there are significant uncertainties that may affect the company's ability to continue as a going concern. The company is in discussions with banks and financial institutions regarding loan extensions and repayment plans, and is taking measures to improve its financial situation. The auditor was unable to obtain sufficient evidence to assess the company's financial plans and measures"
datetime: "2026-04-01T02:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281287018.md)
  - [en](https://longbridge.com/en/news/281287018.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281287018.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/281287018.md) | [繁體中文](https://longbridge.com/zh-HK/news/281287018.md)


# "Performance" HIDILI INDUSTRY's annual loss narrowed to 623 million RMB, auditor expresses no opinion

HIDILI INDUSTRY (01393.HK) announced its annual results for the year ended last December, with a revenue of RMB 1.939 billion, a year-on-year decrease of 10.8%. The loss narrowed to RMB 623 million, compared to a loss of RMB 634 million in the same period last year; the loss per share was 13.53 cents. No dividend was declared.

The independent auditor expressed no opinion, stating that the group incurred a loss of approximately RMB 623 million last year and had a net current liability of approximately RMB 8.14 billion at the end of last year. These circumstances indicate significant uncertainty that may raise substantial doubt about the group's ability to continue as a going concern, and therefore, the group may not be able to realize its assets and settle its liabilities in the normal course of business. The consolidated financial statements were prepared on a going concern basis. The company's directors have taken various measures and are implementing additional measures described in Note 2 to alleviate liquidity pressure and improve its financial condition and cash flow.

Regarding the group's negotiations with banks and related financial institutions to extend loan repayments and prolong interest payment deadlines, as well as discussions with overseas creditors to seek constructive and feasible repayment plans, management informed the auditor that the group is still in negotiations, and no definitive agreements have been reached with banks, related financial institutions, and overseas creditors. Therefore, the auditor was unable to obtain sufficient appropriate audit evidence deemed necessary to assess the group's ability to extend loan repayments and prolong interest payment deadlines.

Concerning the plans to sell certain assets, improve liquidity and profitability, and control administrative and production costs, management failed to provide the auditor with sufficient information regarding the details of these plans, including specific timelines and actions to be implemented due to unpredictable market changes. As a result, the auditor was unable to obtain sufficient appropriate audit evidence deemed necessary to assess the group's ability to sell assets, improve liquidity, and reduce costs.

In light of the above scope limitations, and with no alternative procedures available for the auditor to execute to assure the auditor that the group can implement its plans and measures, the auditor was unable to obtain sufficient appropriate evidence deemed necessary to conclude on the appropriateness of preparing the consolidated financial statements on a going concern basis.

If the group fails to achieve the above plans and measures, it may not be able to continue as a going concern, and adjustments will need to be made to write down the carrying value of the group's assets to their recoverable amounts, provide for any further liabilities that may arise, and reclassify non-current assets and non-current liabilities as current assets and current liabilities, respectively. The impact of these adjustments has not been reflected in the consolidated financial statements

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