C TRANSMISSION (00658) Issues Positive Profit Alert, Anticipates Net Profit of No Less Than RMB 680 Million for 2025, Turning Loss into Gain Year-on-Year

Stock News06-10

The company C TRANSMISSION (00658) has announced a positive profit forecast, anticipating that it will achieve a net profit for the year of no less than RMB 680 million for the fiscal year ending December 31, 2025. This represents a significant turnaround from the net loss of approximately RMB 5.932 billion incurred in the year ended December 31, 2024. The board attributes this expected improvement primarily to the fact that impairment losses related to prepayments and accounts receivable in trade business, amounting to roughly RMB 6.629 billion, were recognized in the 2024 financial year. This impairment was a one-time adjustment occurring in 2024 and, as such, is not expected to impact the group's commercial operations during the 2025 fiscal period.

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