C HIGHPRECISION (00591.HK): Sees Full-Year Loss of RMB 13m-16m
- The expected loss is mainly due to a decline in sales of high-precision automation instruments and technical products in the petroleum and petrochemical industry caused by project delays.
- The information is only the Board's preliminary assessment based on currently available information, including unaudited management accounts not reviewed or audited by the auditors or audit committee.
- The Group's full-year results for the year ended 30 June 2026 are expected to be published in late September 2026.
NewTimeSpace News: On 21 September 2026, China High Precision Automation Group Limited (stock code: 00591.HK) issued a profit warning, saying that based on a preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 30 June 2026, it expects a loss attributable to owners of about RMB 13,000,000 to RMB 16,000,000, versus a profit attributable to owners of about RMB 17,400,000 a year earlier.
The expected loss is mainly due to a decline in sales of high-precision automation instruments and technical products in the petroleum and petrochemical industry caused by project delays. The Company is still finalising its results, and the information is only the Board's preliminary assessment based on currently available information, including unaudited management accounts not reviewed or audited by the auditors or audit committee; actual results remain subject to adjustment. The full-year results are expected in late September 2026.
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