Xinyuan Wanheng Holdings (02326) issued a profit warning that the company owner should account for a loss of HK$45 million to HK$50 million for the year

According to the Zhitong Finance App, Xinyuan Wanheng Holdings (02326) announced that the group expects to obtain losses attributable to company owners of HK$45 million to HK$50 million for the year ending March 31, 2025, while the loss attributable to company owners in fiscal year 2024 is HK$307.82 million. The changes were mainly due to reduced earnings, reduced gross profit, inventory write-off, and impairment of property, plant and equipment, and right-of-use assets.