Ruixin International Holdings Limited (RUIXIN INT'L) issued a profit alert, estimating a FY2025 net loss of approximately HK$10.00-12.00 million, a 71.2%-76.0% contraction from the HK$41.70 million deficit recorded in FY2024.
Management attributes the anticipated improvement to: 1) revitalised operations that generated revenue and gross profit during FY2025, contrasting with the prior year; 2) lower finance costs linked to reduced imputed interest on convertible notes; and 3) a decline in administrative expenses.
The figures are unaudited and qualify as a profit forecast under Rule 10 of the Hong Kong Code on Takeovers and Mergers. As such, they have yet to be reviewed by the company’s financial adviser and auditors. Audited results are scheduled for release on or before 31 March 2026.
Shares of RUIXIN INT'L have been suspended since 2 September 2024 and will remain so until the company meets the Hong Kong Stock Exchange’s resumption requirements. Investors are advised to exercise caution when dealing in the company’s securities.
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