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New Focus Auto Tech Holdings ( (HK:0360) ) has shared an update.
New Focus Auto Tech Holdings Limited has issued a profit warning, expecting a net loss of RMB50 million to RMB60 million for the first half of 2025, compared to a loss of RMB16.12 million in the same period of 2024. Despite a revenue increase driven by growth in its manufacturing and trading business, as well as its automotive dealership and services, the company faced increased administrative expenses due to expanding R&D efforts and start-up costs for hydrogen-related companies. Additionally, a significant loss in fair value change from an investment contributed to the increased net loss. The company is implementing measures to control expenses and improve profitability in the future.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited operates in the automotive industry, focusing on manufacturing and trading automotive electronics, as well as providing automotive dealership and services. The company is transitioning from traditional automotive electronics to new energy automotive electronics, and is also investing in hydrogen-related ventures.
YTD Price Performance: 10.20%
Average Trading Volume: 8,666,689
Technical Sentiment Signal: Sell
Current Market Cap: HK$929.7M
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