HORIZON CD (09930.HK): 2025 Net Profit Expected to Drop 70%-90%
NewTimeSpace News: HORIZON CD(09930.HK) released a profit warning announcement on January 29, 2026. According to the announcement, compared with the 2024 data, the company faces significant downward pressure on its 2025 performance: the total revenue is expected to decrease by nearly 20%, and the profit attributable to shareholders during the year is projected to drop by 70% to 90%, with the performance falling short of the same period last year.
The board of directors analyzed that the expected performance decline is mainly due to three major reasons: first, the continuous decline in rental prices in the mainland equipment operation industry. Although the utilization rate of domestic aerial work platforms remains stable, the revenue and gross profit margin of operational leasing services have decreased year-on-year; second, the company has taken the initiative to shrink its mainland material-related businesses, leading to a year-on-year decline in the revenue and gross profit margin of engineering and technical services; third, the scale of disposal of inefficient material assets slowed down in 2025, and the downward trend in steel prices dragged down the sales gross profit margin of material assets, resulting in a significant year-on-year decline in trade revenue and gross profit margin.
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