CHINA SAFTOWER Issues Profit Warning, Anticipates FY2025 Net Loss of Approximately 123.5 Million Yuan

Stock News03-27

CHINA SAFTOWER (08623) announced that the group expects to record a net loss of approximately RMB 123.5 million for the fiscal year ending December 31, 2025 (FY2025), compared to a net loss of approximately RMB 68.2 million in FY2024. The significant increase in net loss for FY2025 compared to the previous year is primarily attributable to the combined impact of the following factors: 1. An increase in impairment losses on trade and other receivables of approximately RMB 33.6 million (rising from about RMB 43.9 million in FY2024 to approximately RMB 77.5 million in FY2025); 2. An increase in impairment losses on property, plant, and equipment of approximately RMB 15.4 million (increasing from about RMB 2 million in FY2024 to approximately RMB 17.4 million in FY2025).

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