Back 14 Apr 2025

Green Build Technology Limited Reports FY2024 Net Loss of RMB 4.6 Million Amid Financial Challenges​

Link: https://links.sgx.com/1.0.0/corporate-announcements/43H656GT7KUZLNFL/0530c625e804db3e57baaabd0a1fe20e454b6d510d0449fc93e8ab43334cd290

Summary: Green Build Technology Limited reported a net loss of RMB 4.6 million for the fiscal year ended December 31, 2024. The company faced significant financial challenges, including a disclaimer of opinion from its independent auditor due to uncertainties about its ability to continue as a going concern. Key issues highlighted include negative working capital, accumulated losses, and material variances in financial statements stemming from lease adjustments and subsidiary impairments.