Henan Jinma Energy Flags Wider 2025 Loss on JV Impairment, Plans Short-Term Production Halt

Henan JinMa Energy Co. Ltd. Class H ( (HK:6885) ) just unveiled an announcement.

Henan Jinma Energy Company Limited has warned that it expects to post a loss of about RMB527 million attributable to shareholders for 2025, widening from a RMB346 million loss a year earlier. The deterioration is mainly due to an impairment of approximately RMB508 million on property, plant and equipment and intangible assets at a loss-making joint venture in which the company holds a 70% stake.

The company’s share of the impairment is around RMB356 million, and excluding this item the 2025 loss is estimated at roughly RMB171 million, an improvement of about RMB175 million compared with 2024, indicating some underlying operational progress. In light of ongoing risks at the joint venture, the board will suspend its production for three months from April and set up a professional team to review its operations and finances, with the aim of formulating a business restructuring plan to protect shareholders’ interests.

The most recent analyst rating on (HK:6885) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Henan JinMa Energy Co. Ltd. Class H stock, see the HK:6885 Stock Forecast page.

More about Henan JinMa Energy Co. Ltd. Class H

Henan Jinma Energy Company Limited is a PRC-based energy company listed in Hong Kong, operating through a group structure that includes joint ventures. The Group is engaged in asset-heavy energy operations, with significant exposure to property, plant and equipment and related intangible assets, underscoring its dependence on capital-intensive industrial activities.

Average Trading Volume: 478,580

Technical Sentiment Signal: Sell

Current Market Cap: HK$562.2M

For a thorough assessment of 6885 stock, go to TipRanks’ Stock Analysis page.