USPACE Technology Group (HKG:1725) expects a net loss of about 250 million yuan for 2024, an increase of 12.1% compared with 223 million yuan a year earlier, according to a Friday filing with the Hong Kong bourse.
The company attributed the expected increase in estimated net loss to lower operating expenses and non-cash impairment losses on certain properties, plants, and equipment.
The electronic manufacturing services (EMS) business plans to publish its annual results in March.
The company's shares were down over 2% at the close of trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.