CT Vision (International) Holdings Limited Issues Significant Profit Warning for FY2025

Key Highlights

• Expected Net Loss: The Group anticipates a net loss attributable to owners of no less than HKD33 million for the year ended 31 December 2025, compared to a net loss of approximately HKD23.81 million for FY2024.
• Increase in Loss: The loss has significantly widened year-on-year, representing a potential increase of over HKD9 million.
• Principal Reasons:
  • Revenue and Margin Pressure: The promulgation of two new national policies governing photovoltaic energy projects in early 2025 has led to cautious market sentiment. This resulted in the suspension or downsizing of numerous projects, compounded by heightened competition. Consequently, the Group experienced a material decrease in contract values and revenues.
  • Credit Losses: There was an increase in net allowance for expected credit loss on trade and contract assets for FY2025, further impacting the bottom line.
• Financial Statement Status: The figures provided are based on preliminary management accounts and have not yet been reviewed or finalised by the Company’s auditor or audit committee. Adjustments may occur upon further review.
• Results Announcement: Final audited results for FY2025 are expected to be published before the end of March 2026.

Important Information for Shareholders and Investors

• Potential Share Price Impact: The widening losses, reduction in revenue, and increased credit loss provisions are material, price-sensitive events that could negatively affect the Company’s share value.
• Market Environment: The new national policies and increased competitive pressures have led to significant challenges for the Group’s photovoltaic and new energy business. Investors should carefully monitor government policy developments and market competition, as these factors may continue to impact future performance.
• Ongoing Uncertainty: The financial results are not yet finalised and may be subject to further adjustment, adding an element of uncertainty for investors.
• Board Composition: The announcement also notes the composition of the Board, including five executive Directors, one non-executive Director, and three independent non-executive Directors, underscoring the governance structure overseeing these developments.

Investor Guidance

Shareholders and potential investors are strongly advised to exercise caution when dealing in the Company’s securities in light of these developments and uncertainties. The expected losses and underlying causes highlight significant risks to the Group’s business and earnings outlook.

Disclaimer

The information above is based on preliminary assessments and unaudited management accounts. It does not constitute financial advice, and investors should await the publication of audited results for further clarity. The content is intended for informational purposes only. Readers are advised to conduct their own research and consult a licensed financial advisor before making any investment decisions.

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