XINDA INV HLDGS (01281) has released an announcement indicating that the Group expects to report a profit attributable to owners of the company of approximately RMB 7 million to RMB 12 million for the fiscal year ending December 31, 2025. This represents a significant turnaround compared to the loss attributable to owners of RMB 24.418 million recorded for the fiscal year ended December 31, 2024.
Based on the information currently available to the Board, the anticipated shift from loss to profit in 2025 is primarily attributed to the following factor: during the 2025 fiscal year, the Group recovered financial assets for which impairment provisions had been made in previous years, totaling approximately RMB 13.301 million. This recovery included approximately RMB 8.968 million obtained through the transfer of an investment property, RMB 3.5 million recovered via cash settlement, and a reversal of approximately RMB 0.833 million for a previously recognized accounts receivable impairment loss. In contrast, during the same period last year, the Group recognized a substantial combined impairment provision of approximately RMB 51.975 million for a power station asset and its related accounts receivable.
Comments