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.
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.