Hong Kong Chinese Limited (00655)'s profit warning expects the consolidated loss to be accounted for by shareholders in the interim period of approximately HK$450 million year-on-year profit to loss

Zhitongcaijing · 1d ago

According to the Zhitong Finance App, Hong Kong Chinese Limited (00655) issued an announcement. It is anticipated that the Group may record a joint venture loss of about HK$440 million for the six months ended June 30, 2026 (current period), while profit of HK$189 million was recorded for the six months ended June 30, 2025 (the previous period). Most of the losses of the Group's joint ventures are non-cash in nature and mainly due to losses of investment objects recorded under the equity law held by the OUE Group and impairment losses relating to their investments in an investment target recorded under the equity law.

According to the Company's current data, it is anticipated that the Group may have recorded a consolidated loss attributable to unaudited shareholders of approximately HK$450 million during the current period, while a consolidated profit of HK$199 million was recorded in the previous period. The changes were mainly due to losses in the joint ventures mentioned above.