HXTL (01085) has announced that it expects to record an unaudited net loss in the range of RMB 41 million to RMB 43 million for the fiscal year ending December 31, 2025. This contrasts with an audited net profit of approximately RMB 73.3 million reported for the same period last year. According to the announcement, the shift from profit to a net loss in the current reporting period, compared to the prior year, is primarily attributed to a decrease in revenue, an increase in impairment losses on trade and other receivables, higher interest expenses, and a rise in income tax.
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