China High Speed Transmission (00658.HK) announced on August 21 that for the six months ending on June 30, 2024, the net profit attributable to owners of the company was approximately RMB 0.2092 billion, compared with the same period last year. The Group expects a net loss attributable to owners of the company of not more than RMB 0.53 billion for this period. The expected loss is mainly due to a decrease in profit from the gear transmission equipment business during this period compared to the same period last year, and an increase in impairment loss allowances for accounts receivable other than the gear transmission equipment business compared to the same period last year.
中国高速传动(00658.HK)：预计中期亏损不超过5.3亿元
China High Speed Transmission (00658.HK): It is expected to incur a midterm loss of no more than 0.53 billion yuan.
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