Huicai Financial Investment (08018) issued a profit warning. Net loss in the first half of the year is expected to decrease by no less than 75% year on year

Zhitongcaijing · 1d ago

According to the Zhitong Finance App, Huicai Financial Investment (08018) announced that the Group expects a net loss reduction of no less than 75% in the 6 months ending June 30, 2026 (mid-2026), and a net loss of approximately HK$7.7 million for the 6 months ending June 30, 2025 (mid-2025).

The expected decrease in net loss is mainly due to the combined effects of the following: the Group's gross profit decreased in mid-2026 compared to about HK$12.5 million in mid-2025; the net fair value income of financial assets recorded at fair value in mid-2026 increased compared to about HK$1 million in mid-2025; as the Group implemented cost control and efficiency improvement measures in mid-2026, the amount of administrative expenses incurred by the Group in mid-2026 decreased compared to approximately HK$17.1 million in mid-2025; and confirmed loans receivable in mid-2025 An interest impairment loss provision of approximately HK$4.1 million was converted into a loan receivable and interest impairment loss provision for mid-2026.