China High Speed Transmission Equipment Group Co., Ltd. Issues Positive Profit Alert and Updates on Trading Suspension
Key Points from the Announcement
- Significant Turnaround Expected for 2025: The company forecasts a profit of not less than RMB 680 million for the year ended 31 December 2025, compared to a substantial loss of approximately RMB 5,932 million in 2024. This marks a major financial turnaround from loss to profit.
- Main Reason for the Turnaround: The large loss in 2024 was primarily due to a one-off impairment loss of approximately RMB 6,629 million related to prepayments and trade receivables from the trading business. This impairment was recognized fully in 2024 and does not affect the Group’s ongoing business operations in 2025.
- Results Not Yet Finalised: The figures announced are based on preliminary, unaudited management accounts. The final audited results for 2025 may differ from these estimates and will be published by the end of June 2026.
- Continued Suspension of Trading: Trading of the company’s shares on the Hong Kong Stock Exchange has been suspended since 1 April 2026 and will remain suspended pending the release of the 2025 audited annual results.
- Further Announcements Expected: The company will provide further updates as required by the Hong Kong Listing Rules.
Details and Implications for Shareholders
Share Price Sensitivity:
- The expected swing from a significant loss in 2024 to a notable profit in 2025 is likely to be highly price sensitive and could significantly impact investor sentiment and share value once trading resumes.
- The one-off impairment in 2024 clarifies that the underlying business remains sound and that the loss was not operational but related to specific financial adjustments. This should reassure investors about the ongoing viability and health of the company’s core business.
- Shareholders should closely monitor the company’s announcements, particularly the final audited results due by the end of June 2026, as any change from the preliminary figures could affect the share price upon trading resumption.
Suspension of Trading: Trading will remain suspended until the 2025 audited results are published. Shareholders and potential investors should exercise caution in any dealings related to the company’s shares during this period.
Important Information for Investors
- The company’s profit forecast for 2025 is based on unaudited accounts and may change after the final audit.
- The large 2024 loss was a one-time event and does not reflect ongoing business operations.
- Further updates will be made according to regulatory requirements. Investors are urged to follow these closely.
Board Composition
As of the announcement date, the Board consists of:
- Executive Directors: Mr. Li Zubin, Ms. Yuan Xiaohong, Mr. Wang Bo
- Independent Non-Executive Directors: Mr. Lau Jing Yeung William, Mr. Lu Yuanzhu, Mr. Tse Man Kit, Keith
Disclaimer
The information above is summarized from company announcements and unaudited preliminary accounts. Investors should be aware that the final audited figures may differ. This article does not constitute investment advice. Shareholders and potential investors are strongly advised to exercise caution and review the official audited results when published.
中國高速傳動設備集團有限公司發佈正面盈利預告及停牌更新
公告重點
- 2025年預計大幅扭虧為盈： 公司預計截至2025年12月31日止年度錄得不少於人民幣6.8億元的盈利，而2024年則錄得約人民幣59.32億元的虧損，實現由虧轉盈的重大財務變化。
- 盈利轉變的主要原因： 2024年的巨大虧損主要因與貿易業務相關的預付款項及貿易應收款項錄得約人民幣66.29億元的一次性減值損失。該減值已於2024年全數確認，對2025年集團的業務運作無影響。
- 業績尚未最終確認： 公佈的數字基於初步未經審核的管理賬目，最終經審核的2025年業績或有出入，預計將於2026年6月底前公佈。
- 股份繼續停牌： 公司股份自2026年4月1日早上9時起於香港聯交所停牌，直至2025年經審核年報發佈前仍會繼續停牌。
- 預期進一步公告： 公司將根據香港上市規則的要求適時作出進一步公佈。
對股東及投資者的重要提示
股價敏感事項：
- 預計2025年業績由大額虧損轉為盈利的消息極具股價敏感性，復牌後或會對股價構成重大影響。
- 2024年的一次性減值損失顯示集團核心業務保持穩健，虧損並非經營性質，應能提振投資者信心。
- 股東需密切留意公司公佈的2025年經審核業績，最終數字如有變動亦會對復牌後股價產生影響。
停牌安排： 在2025年審核業績公佈前，公司股份將繼續停牌。股東及潛在投資者於此期間須審慎處理股份相關事宜。
投資者需知事項
- 公司2025年盈利預告基於未經審核賬目，最終業績或有變動。
- 2024年大額虧損屬一次性事件，並不影響集團持續經營。
- 公司將按規定作進一步公佈，建議投資者密切關注。
董事會成員
截至公告日止，董事會成員包括：
- 執行董事：李祖彬女士、袁曉紅女士、王波先生
- 獨立非執行董事：劉敬陽先生、盧元柱先生、謝文傑先生
免責聲明
本文資訊來自公司公告及未經審核初步賬目，最終經審核數據可能有所出入，僅供參考，並不構成投資建議。請股東及潛在投資者在作出任何投資決定前，務必審慎並參閱公司正式公佈的經審核業績。
