Beijing SinoHytec Co., Ltd. (2402.HK), Friday announced preliminary financial data for the full year 2025, expecting a loss of RMB 2.71 compared to RMB 1.97 in the prior year.
Net loss attributable to owners of the company totaled RMB 62.8 million compared to RMB 45.6 million in the prior year.
The increase in loss during the period was mainly due to the adoption of cautious market strategy, higher credit impairment losses and asset impairment losses, and increased share of losses from associates and joint ventures.
Total operating revenue stood at RMB 26.2 million, down 28.51 percent from RMB 36.7 million last year.
The company's stock closed at HKD 25.760, up 6.62 percent on the Hong Kong Stock Exchange.
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