Xingming Holdings (08425.HK) announced a profit of approximately 3 million Hong Kong dollars for the expected annual performance, turning losses into profits year-on-year.

Wisdom Finance News App, Xingming Holdings (08425.HK) announced that the group expects to achieve a net profit of not less than approximately 3 million Hong Kong dollars for the year ending March 31, 2026, while the net loss for the year ending March 31, 2025 was approximately 24.7 million Hong Kong dollars. Based on the information currently available, the board of directors believes that the main reasons for the turnaround from a net loss to profit are (i) increase in gross profit margin; (ii) decrease in losses from the sale of properties, factories, and equipment; (iii) no impairment losses on properties, factories, and equipment; and (iv) reversal of impairment losses on trade receivables.