HK Stock Market Move | SINOHYTEC (02402) fell nearly 7%, with the estimated increase in net loss attributable to mother in 2025 expected to be between 20.50% and 57.74% compared to the previous year.

SINOHYTEC (02402) fell nearly 7%, as of the time of publication, it fell by 6.84% to HKD 23.16, with a turnover of HKD 1460.24 million. On the news front, on January 30, SINOHYTEC announced that, according to preliminary calculations by the finance department, it is estimated that the net loss attributable to the owners of the parent company in 2025 will be approximately RMB 5.5 billion to RMB 7.2 billion, an increase of 20.50% to 57.74% compared to the corresponding period of the previous year. It is expected that the net loss attributable to the owners of the parent company in 2025, excluding non-recurring gains and losses, will be approximately RMB 6.0 billion to RMB 7.8 billion, an increase of 10.55% to 43.71% compared to the corresponding period of the previous year. Based on prudent accounting principles, the company's credit impairment losses and asset impairment losses for the reporting period showed an increase year-on-year, exacerbating the company's operating losses.