Core Viewpoint - Tongda Group (00698) anticipates a significant turnaround, projecting a profit attributable to shareholders between approximately HKD 115 million and HKD 125 million for the fiscal year ending December 31, 2025, compared to a loss of approximately HKD 3.942 billion in 2024, indicating a substantial recovery in performance [1] Group 1: Financial Performance - The expected improvement in 2025 is primarily due to a reduction in one-time non-cash asset impairment provisions, which amounted to approximately HKD 2.35 billion in 2024, covering fixed assets, investments in associates, and provisions for receivables and loans from a jointly controlled entity. It is anticipated that such significant one-time impairment items will not occur in 2025 [1] - The overall gross margin is expected to improve significantly, with the gross loss rate decreasing from 5.9% in the previous year to an anticipated gross margin of approximately 15.5% to 16.5% in 2025. This improvement is attributed to reduced depreciation expenses by approximately HKD 340 million due to fixed asset provisions made in 2024 and a decrease in inventory provisions by approximately HKD 500 million in 2025 [1] Group 2: Operational Efficiency - The overall management expenses, including R&D costs, are expected to decrease by approximately HKD 420 million to HKD 430 million in 2025. This reduction is mainly due to the completion of the sale of the precision components business on April 3, 2024, which eliminated related R&D and management expenses. Additionally, the company has adopted a rigorous development strategy, focusing R&D resources on core businesses, leading to a decline in R&D expenses compared to 2024 [2]
通达集团发盈喜 预计2025年度股东应占溢利约1.15亿至1.25亿港元