Haojiang Electromechanical (01408)'s net loss for the medium term is expected to increase by about MOP 1.1 million year-on-year

According to the Zhitong Finance App, Haojiang Electromechanical (01408) announced that the Group expects to record a net loss of approximately MOP 1.1 million for the six months ended June 30, 2026 (relevant period), while a net loss of approximately MOP 167,000 will be recorded for the six months ending June 30, 2025. For reference, the Group recorded total profit and overall revenue of approximately MOP 2.2 million for the year ended 31 December 2025.

The expected increase in losses during the relevant period is mainly due to the following factors: the Group's failure to obtain any new large-scale projects during the relevant period; market demand for large-scale mechanical and electrical engineering projects in Macau continued to weaken, resulting in limited bidding opportunities for the Group; and the limited gross profit contributed by the projects undertaken by the Group during the relevant period, which was insufficient to offset the Group's necessary operating costs.

The Board of Directors will continue to closely monitor the impact of Macau's challenging market environment on the Group's operating and financial performance, and consult with the Group's business partners to actively seek suitable project opportunities while maintaining prudent cost control to improve the Group's financial performance.