Tat Hong Equipment reports wider loss despite revenue dip

Tat Hong Equipment Service Co., Ltd. (HKEX:2153) announced its annual results for the year ended March 31, 2025, revealing a wider loss despite a decrease in revenue. The company's revenue fell by 7.0% to RMB634.6 million, compared to RMB682.3 million in the previous year. The loss attributable to equity holders increased to RMB120.5 million, up from RMB95.6 million in 2024, reflecting a 26.0% increase. The company attributes the increased loss to a decline in revenue from the slower economic growth and sluggish construction sector, and higher income tax expenses. Basic loss per share amounted to RMB10.0 cents, up from RMB8.0 cents for the prior year. The board has decided not to recommend a final dividend for the year. Despite the challenging conditions, Tat Hong will focus on clean energy and overseas projects, digitalizing its operations, and research and development in tower crane technologies.