Core Viewpoint - The company, Baofa Holdings (08532), anticipates a significant financial loss for the fiscal year ending March 31, 2025, with an expected gross loss of approximately HKD 91.2 million, contrasting with a gross profit of about HKD 24.1 million for the fiscal year ending March 31, 2024 [1] Financial Performance - The expected gross loss for the upcoming fiscal year is projected to be at least HKD 91.2 million [1] - For the fiscal year ending March 31, 2024, the company reported a gross profit of approximately HKD 24.1 million [1] - The anticipated loss attributable to equity holders of the company will not be less than approximately HKD 114.7 million, compared to a profit of about HKD 1.2 million in the previous year [1] Contributing Factors - The decline in revenue from the installation of curtain wall systems in Hong Kong is a major factor contributing to the expected gross loss [1] - Increased employee retention costs due to project delays have also impacted financial performance [1] - The company faced high defect repair costs due to substandard construction quality as a subcontractor [1] - Several subcontractors withdrew from unfinished projects, leading to higher labor costs for the company as it took over the completion of these projects [1]
宝发控股发盈警 预计年度股东应占亏损不少于约1.147亿港元