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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has shared an update.
Beijing SinoHytec Co., Ltd. has issued a preliminary estimate for its 2025 annual results, indicating that net loss attributable to owners of the parent is expected to widen to between RMB550 million and RMB720 million, a year-on-year increase in loss of roughly 20% to 58%, while net loss after deducting non-recurring items is projected at RMB600 million to RMB780 million, up about 11% to 44% from 2024. The company attributes the deeper losses primarily to higher credit impairment and asset impairment charges taken on a prudent basis, exacerbating operating losses, and has cautioned investors that the figures are unaudited and subject to change when the final IFRS-based annual report is released, underscoring persistent profitability pressures and risk considerations for shareholders.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, operating through a group structure, and reports its financials under China Accounting Standards for Business Enterprises, with H-share disclosures also prepared under International Financial Reporting Standards for global investors.
Average Trading Volume: 1,940,896
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.98B
For detailed information about 2402 stock, go to TipRanks’ Stock Analysis page.