TEAMWAY INTL GP (01239) Issues Profit Warning, Anticipates 60-70% Reduction in Annual Shareholder Loss for 2025

Stock News03-10

TEAMWAY INTL GP (01239) announced that the group expects the attributable loss to the company's owners for the fiscal year ending December 31, 2025, to decrease by approximately 60% to 70% compared to the attributable loss of about RMB 106 million for the fiscal year ending December 31, 2024. This anticipated reduction is primarily attributed to the following factors: the absence of an impairment loss on property, plant, and equipment of RMB 22.13 million, which was recorded in the 2024 fiscal year; a decrease in the cost of sales resulting from the use of the company's own factory for production in 2025, leading to lower production costs compared to the partial outsourcing of production to other factories in 2024; and cost-control measures, including reductions in labor and transportation expenses.

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