SHENG YUAN HLDG (00851) issued a profit warning, expecting a net profit of no less than HK$9 million for the fiscal year 2025, a decrease compared to the previous year.
Shengyuan Holdings (00851) announced that it is expected to achieve annual net profit of not less than 9 million Hong Kong dollars for the fiscal year ending December 31, 2025 (2025 fiscal year), while the annual net profit for the fiscal year ending December 31, 2024 (2024 fiscal year) is approximately 31.9 million Hong Kong dollars.
Sheng Yuan Holdings (00851) announces that it expects to achieve an annual profit of not less than HK$9 million for the fiscal year ending on December 31, 2025 (2025 fiscal year), while it achieved an annual profit of approximately HK$31.9 million for the fiscal year ending on December 31, 2024 (2024 fiscal year).
The decrease in expected annual profit for the 2025 fiscal year is mainly due to the absence of non-recurring income generated from the recognition in profit or loss of debt instruments held at fair value of approximately HK$17.5 million in the 2024 fiscal year, as well as the reversal of impairment losses of approximately HK$5 million on financial assets.
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