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Ruixin International Group(00724.HK): Expected loss of approximately HKD 10 million to HKD 12 million for the year 2025, representing a year-on-year decrease of about 71.2% to 76.0%.
Gelonghui, March 26 - Ruixin International Group (00724.HK) announced that the group expects to record a loss of approximately HKD 10 million to HKD 12 million for the year ending December 31, 2025 (“performance pre-loss”), a significant decrease of about 71.2% to 76.0% compared to the loss of approximately HKD 41.7 million for the year ending December 31, 2024. Based on currently available information, the reduction in losses for the fiscal year 2025 is mainly attributed to: (i) the recovery of the group’s business operations, generating revenue and gross profit in fiscal year 2025 compared to fiscal year 2024; (ii) a decrease in financial costs related to the interest expenses of convertible bonds for the group in fiscal year 2025; and (iii) a reduction in administrative expenses for the group in fiscal year 2025 compared to fiscal year 2024.