Hengxin Technology Ltd. provided earnings guidance for the year ended 31 December 2025. For the year, the company expects to record an unaudited net loss for the Reporting Period of approximately between RMB 41.0 million and RMB 43 million. The audited net profit for the same period of last year was approximately RMB 73.3 million.
The Board considered the unaudited net loss for the Reporting Period as contrast to an audited net profit for the same period of last year was mainly attributable to (i) the decrease in revenue; (ii) the increase in impairment loss on trade and other receivables; (iii) the increase in interest expense; and (iv) the increase in income tax during the Reporting Period comparing the same period of last year.
