Victoria Harbour Environmental Technology(01845.HK)Profit Warning: Expected net loss of RMB 76 million to RMB 78 million for 2025

MaticHoleFiller · 2026-03-24T03:58:00+00:00

Vikingtech Environmental Protection Technology anticipates a net loss of approximately RMB 76 million to RMB 78 million for the fiscal year 2025, primarily due to impairment provisions on projects and goodwill impairment, while also reversing a portion of deferred income tax assets.

MaticHoleFiller

2026-03-24 03:58:00

Abstract generation in progress

Gelonghui March 23 — Vanke Environmental Protection Technology (01845.HK) announced that, compared to a net loss of RMB 55.3 million for the year ending December 31, 2024, the company expects a net loss of approximately RMB 76 million to RMB 78 million for the year ending December 31, 2025. Compared to a net loss attributable to owners of RMB 48.6 million for the year ending December 31, 2024, the company expects a net loss attributable to owners of approximately RMB 63 million to RMB 65 million for the year ending December 31, 2025.

They expect the loss in 2025 mainly due to: 1. Based on the assessment results by an independent third-party valuer, an impairment of approximately RMB 17 million to RMB 18 million will be recognized for the Jiangmen oxygen-free pyrolysis project, mainly because the construction and R&D cycles are lengthy, with some equipment undergoing continuous technical upgrades. Additionally, due to concerns about the project’s commercial prospects, the group’s management, after careful consideration, decided that the project valuation was conducted by an independent third-party valuer based on the latest project status and the group’s proposed future operational plans.

Therefore, the 2025 group financial statements will recognize an impairment for this project; 2. Based on the assessment results by an independent third-party valuer, an impairment of approximately RMB 14 million to RMB 15 million will be recognized for the goodwill arising from the group’s acquisition of Xinjiang Tiansheng. Due to concerns about the project’s commercial prospects, the valuation was conducted by an independent third-party valuer based on the latest project status and the group’s proposed future operational plans. As a result, the 2025 group financial statements will recognize an impairment of this goodwill; 3. The group will also write back approximately RMB 9 million to RMB 10 million of deferred tax assets previously recognized in prior years.

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