United Strength Power Expects Swing to Loss in H1; Shares Slide 6%
MT Newswires Live2025-08-19
United Strength Power Holdings (HKG:2337) expects a net loss ranging from 5 million yuan to 7 million yuan for the first half of 2025, compared with a net profit of 27.9 million yuan a year earlier, according to a Monday Hong Kong bourse filing.
Shares of the refueling station operator fell nearly 6% in Tuesday afternoon trade.
The board attributed the expected decline mainly to lower sales volume of petroleum products amid weaker market demand, as more vehicle customers shifted to new energy vehicles, and to a lower average selling price that reduced gross profit margins.
Full interim results are expected to be published by the end of August.
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