HXTL (01085) announced that the company expects to record an unaudited net loss attributable to equity shareholders of not less than approximately RMB 68 million for the six months ended June 30, 2025. In comparison, the company recorded an unaudited net profit attributable to equity shareholders of approximately RMB 26.6 million for the same period last year.
Additionally, the unaudited operating profit for the current reporting period is expected to decline by approximately 50% to 60% compared to the unaudited operating profit of approximately RMB 67.491 million for the six months ended June 30, 2024, ranging between approximately RMB 33.7455 million to RMB 26.9964 million.
The board of directors believes that the year-on-year decrease in operating profit during the current reporting period is mainly attributable to declining revenue compared to the same period last year and a year-on-year decrease in the group's gross profit margin. Furthermore, due to increased interest expenses and income tax during the current reporting period, the company expects to record an unaudited net loss attributable to equity shareholders for the current reporting period, compared to the unaudited net profit attributable to equity shareholders for the same period last year.
Comments