Huaxia Culture Technology (01566) Releases Annual Results; Net Loss Attributable to Shareholders HK$33.043 Million; Year-on-Year Narrowing of 80.64%

LootboxPhobia · 2026-03-22T12:17:11+00:00

Huaxia Culture Technology (01566) released its performance results. For the year ended March 31, 2025, revenue was HK$367 million, with a year-on-year growth of 0.81%. The company's loss narrowed to HK$33.043 million, with basic loss per share of HK$0.028, primarily due to an increase in gross profit and a decrease in impairment losses.

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2026-03-22 12:17:11

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China Tong Finance APP News: Huaxia Cultural Technology (01566) announced its annual results for the year ending March 31, 2025. The group achieved revenue of HKD 367 million, up 0.81% year-on-year; attributable loss for owners of the company was HKD 33.043 million, narrowed by 80.64% year-on-year; basic loss per share was HKD 0.028.

The announcement stated that the decrease in attributable loss for owners includes an increase in gross profit of approximately HKD 33.7 million; a reduction in impairment losses on property, plant, equipment, and right-of-use assets of about HKD 13.5 million; an impairment loss reversal of approximately HKD 31.8 million for several seriously overdue receivables (some of which were settled by March 31, 2025); and an increase in other income or losses of about HKD 58.9 million mainly due to the derecognition of right-of-use assets and lease liabilities.

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