Aoda Holdings (09929) issued a profit warning. The net loss for the medium term is expected to be no less than HK$50 million year-on-year profit to loss

According to the Zhitong Finance App, Aoda Holdings (09929) announced that the Group is expected to achieve a net loss of no less than HK$50 million for the six months ending June 30, 2026, compared with a net profit of about HK$200,000 for the six months ended June 30, 2025.

The Board believes that the shift from profit to loss is mainly due to (i) an increase in impairment losses under the anticipated credit loss model; and (ii) a decline in gross margin of the mechanical and electrical engineering business.