BREAKING:

The latest financial announcement details Heatec Jietong Holdings Ltd.'s path through a period of restructuring and operational change. While the Group continues to record a net loss, key segments, notably heat exchangers, have demonstrated enhanced performance due to robust customer demand. Significant efforts are focused on curbing high operating expenses and reinforcing internal controls to address outstanding audit issues.

• The business is actively divesting non-performing units and pursuing growth through strategic external opportunities

• Management is tackling high workforce costs by relocating staff to new, company-owned accommodations, leading to a reduction in rental expenses

• New protocols are in place to tighten contract reviews and address the concerns raised by the independent auditor regarding consultancy service arrangements

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BREAKING:

Heatec Jietong Holdings Ltd. has announced its unaudited financial results for the first quarter ended 31 March 2025, revealing an overall net loss for the period. This outcome reflects shifts in revenue across different business segments and an increase in certain operating costs. The company is also continuing to address an auditor's qualified opinion from the prior financial year.

• Discover how shifts in segment performance impacted top-line figures for the Group
• Uncover the factors contributing to changes in operational expenses during the quarter
• Learn about the strategic adjustments and ongoing challenges the company faces in the current economic climate

There will be an EGM on

Event dates:

For more information, click here: HEATEC JIETONG HOLDINGS LTD. 2023 AGM