DOWWAY (08403) Issues Profit Warning, Expects Net Loss of Approximately RMB 13 Million in First Half, Turning from Profit to Loss Year-over-Year

Stock News2025-08-18

DOWWAY (08403) announced that the group expects to record a net loss of approximately RMB 13 million for the first half of 2025, compared to a profit of approximately RMB 4.5 million in the same period of 2024. The announcement stated that the expected net loss is mainly attributable to (1) a decrease in revenue from exhibition and event-related services of approximately RMB 14 million; and (2) a one-time recovery of expected credit losses on trade receivables from the same period in 2024 of approximately RMB 8.7 million, which was a non-recurring item. Revenue from exhibition and event-related services decreased by two-fold. During the review period, a major client intended to proceed with a large project and requested unsustainably low quotations. After careful consideration, the group decided not to proceed with the aforementioned project. Additionally, another major client initiated a supplier re-tendering process during the review period, causing delays in the planned cooperation that the company was set to formally launch, further impacting the company's revenue realization during the review period.

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