China High Speed Transmission Equipment to Swing to 2024 Loss

MT Newswires Live

2025/03/24

China High Speed Transmission Equipment Group (HKG:0658) expects an attributable loss of around 6.56 billion for 2024, compared with an attributable profit of 95.5 million yuan a year prior, a Friday filing with the Hong Kong bourse said.

The gear products manufacturer attributed the anticipated swing to loss mainly to the provision of significant impairments for the receivables and prepayments of the trading business.

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