Glory Times November 19th | Sun Hing Vision (00125.HK) announced that as of September 30, 2024, the group's mid-year performance for the six months may result in a loss attributable to owners of the company of approximately 10 million Hong Kong dollars to 13 million Hong Kong dollars, compared to a loss attributable to owners of the company of approximately 2 million Hong Kong dollars for the six months ended September 30, 2023.

The announcement states that the expected loss is mainly due to the following factors: the group's gross margin decreased during the review period, mainly due to the impact of price reductions caused by intense industry competition; and other income, earnings, and losses decreased compared to the same period last year, mainly attributed to the decline in bank interest income and forex gains recorded during the period.