Honghai Hi-Tech Resources (00065) fell by more than 10%. As of press release, it was down 10.11% to HK$0.4, with a turnover of HK$11.5693 million.
The Zhitong Finance App learned that Honghai Hi-Tech Resources (00065) fell by more than 10%. As of press release, it fell 10.11% to HK$0.4, with a turnover of HK$11.5693 million.
According to the news, Honghai Hi-Tech Resources recently announced that the Group expects to make an after-tax loss of approximately HK$35 million for the year ending December 31, 2023, changing from profit to loss over the previous year. According to the announcement, the expected losses were mainly due to confirmation of non-wholly-owned ancillary settlement expenses of about HK$22 million; increased depreciation expenses due to the acquisition of mining machinery; and no depreciation losses on property, plant and equipment, and intangible assets during the year.