SING LEE Anticipates Increased Interim Loss of Approximately CNY 8.5 Million

Stock News
Aug 02

SING LEE (08076) has issued a profit warning, announcing that the company expects an interim loss of approximately CNY 8.5 million for the six months ending June 30, 2026, compared to a loss of approximately CNY 7.655 million in the same period last year.

Based on a preliminary assessment of the group's unaudited consolidated management accounts and currently available information, the board attributed the increase primarily to a gross loss stemming from higher material and labor costs, which contrasts with the gross profit recorded in the prior period. Additionally, the loss was exacerbated by the absence of impairment loss reversals related to long-outstanding trade receivables, though this increase was partially offset by gains in other income and losses.

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