"Profit Warning" TRIO IND ELEC expects to turn a loss of no more than 38 million yuan last year

TRIO IND ELEC (01710.HK) issued a profit warning, expecting a loss of no more than HKD 38 million for the fiscal year 2025, compared to a profit of HKD 8.6 million in the previous year. The anticipated loss is mainly due to weakened demand for the group's products in the European market, leading to a decline in revenue; increased administrative expenses related to the restructuring, expansion, and optimization of the electronic manufacturing services sales team and overseas operations; and increased operating costs associated with the development of new business projects in the emerging renewable energy sector