Yuanheng Gas (00332.HK) issued a profit warning, expecting a loss of approximately 165 million RMB for the fiscal year ending in March, compared to a net profit attributable to owners of the company of 27 million RMB in the previous year. This is mainly due to a 33% decrease in total operating revenue, a decrease in gross profit of about 70%, and a significant increase of 156 million RMB in expected credit loss allowance for accounts receivable impairment confirmed by the expected credit loss model.
《盈警》元亨燃氣(00332.HK)毛利大減 預計年績見紅
Profit of yuanheng gas (00332.HK) reduces significantly. The annual performance is expected to be in the red according to "Yingjing" magazine.
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