Mechanical splicing firm Bosa Technology FY profit drops on lower impairment reversal

BOSA Technology Holdings

24/09/2026 15:48

Overview
Hong Kong mechanical splicing firm's annual revenue fell 20%, driven by fewer new projects
Net profit dropped 49% year-on-year, mainly due to lower revenue and smaller impairment reversal
Company cites subdued private-sector construction activity as a key factor in weaker results

Outlook
Company expects Hong Kong construction business to remain steady to slow in short to medium term
Company says interest rates, US-China relations and geopolitical tensions create economic uncertainty
Company will monitor pricing and material costs to maintain reasonable gross margin

Result Drivers
FEWER NEW PROJECTS - Co said revenue fell mainly due to fewer new projects and customers, resulting in reduced coupler sales
SMALLER IMPAIRMENT REVERSAL - Net profit decline was mainly due to a substantially smaller reversal of impairment loss on trade receivables compared with prior year
SUBDUED PRIVATE-SECTOR ACTIVITY - Co said subdued private-sector construction activity contributed to weaker results

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$65.60 mln
 
FY Net Income Attributable
 
HK$15.90 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)