XINKONG INT CAP Issues Profit Warning, Anticipates 210% Surge in Net Loss for Fiscal Year 2025
Stock News
Mar 20
XINKONG INT CAP (00993) has announced a profit warning, projecting that the net loss for the fiscal year ending December 31, 2025, will increase by approximately 210% compared to the same period in 2024. The expansion of the loss is primarily attributed to a decline in revenue, a decrease in the fair value of financial assets recorded through profit or loss, and a substantial impairment loss provision for a specific loan. However, the changes in the fair value of financial assets and the asset impairment loss are non-cash items and are not expected to significantly adversely affect the overall operating cash flow or business operations.
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