Summary by Moomoo AI
NEW RAY MEDIC issued a profit warning, expecting to record a loss of no less than 30 million Hong Kong dollars for the year ending December 31, 2024, significantly larger than the loss of approximately 22.2 million Hong Kong dollars in the fiscal year 2023. The company stated that the loss expanded mainly due to inventory impairment losses of about 13.1 million Hong Kong dollars caused by unsold inventory approaching expiration, a substantial increase from last year's 1.6 million Hong Kong dollars.Part of the loss was offset by fair value gains from financial assets recognized at fair value in profit or loss, with an estimated gain of about 3.9 million Hong Kong dollars in fiscal year 2024, up from 0.4 million Hong Kong dollars in fiscal year 2023. The company anticipates releasing the detailed financial performance report for fiscal year 2024 by the end of March 2025; the disclosed figures are preliminary assessment results and have not yet been reviewed or audited by auditors.
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