Link: https://links.sgx.com/1.0.0/corporate-announcements/70T1DFYEW9V33EQH/5c9f202878ba790c9e49f8e928deaaa996e44961312c733ea5c73945e9a2dc12

Summary:

• Shanghai Turbo Enterprises Ltd. reported a 20% decrease in revenue, from RMB 18.236 million in 1Q 2024 to RMB 14.555 million in 1Q 2025.
• The company experienced an increased net loss for the period, with a loss of RMB 2.265 million, which is 23% higher than the loss in the corresponding period of the previous year.
• Basic and diluted earnings per share attributable to owners of the company decreased by 23% in RMB and 22% in SGD.
• Net cash used in operating activities amounted to RMB 11.297 million, resulting in a negative cash inflow for the group.
• The company's latest audited financial statements for the financial year ended 31 December 2020 had a disclaimer of opinion, including in respect of the going concern assumption.