2 stories mentioning HKG:2182Updated 3m ago
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Tian Chang (HKG:2182) unit Tian Hao New Materials Technology (Hui Zhou) placed an order to purchase certain machinery from Jie Long Foreign Trade.The company will acquire 10 magnesium injection molding machines for 1.09 billion yen, according to a Wednesday bourse filing.The machines will be delivered between February and April 2027.
Tian Chang (HKG:2182) expects to post a pretax loss of HK$30 million to HK$35 million for the first half, widening 233% to 289% from a pretax loss of HK$9 million a year earlier, according to a Wednesday Hong Kong bourse filing.The company expects first-half revenue to range between HK$170 million and HK$175 million, down about 33% to 31% from HK$254.2 million a year earlier.Tian Chang attributed the wider loss to weaker customer demand that reduced order volumes and revenue, as well as lower gross profit margin due to declining production volumes.
