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瑞鑫国际集团(00724)发盈警 预计中期亏损约3500万港元

Ruixin International Group (00724) is forecasting an interim loss of about HK$35 million

Zhitong Finance ·  Aug 8, 2023 06:27

Zitong Financial App News, Ruixin International Group (00724) issued an announcement that the Group is expected to report an estimated loss of about HK $35 million for the six months ended June 30, 2023, and a loss of about HK $25.4 million for the six months ended June 30, 2022. The increase in estimated losses during the reporting period is mainly due to an increase in operating losses in the electronics business, which can be attributed to, among other things, (I) a decrease in revenue, mainly due to the rapid development of the industry and the loss of some orders due to the failure of the Group's products to meet the new specification requirements of these customers. (ii) the decrease in gross profit is mainly due to the payment of additional compensation to certain customers for rework costs incurred to improve the Group's products to meet their requirements; and (iii) one-time expenses incurred in management fees to prevent disclosure of the Group's know-how to competitors.

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