Hongji Group (02535) announced interim results with loss attributable to owners of approximately HK$11.59 million year-on-year profit to loss

According to the Zhitong Finance App, Hongji Group (02535) announced its 2026 interim results, with earnings of about HK$87.8 million, a year-on-year decrease of about 47%; losses attributable to company owners were approximately HK$11.19 million, which turned profit and loss over the previous year; and the basic loss per share was approximately HK0.58 cents.

According to the announcement, the decline in revenue was mainly due to (i) the uncertain economy of Hong Kong, which led to a decrease in the amount of completed projects and a reduction in the contract amount for the awarded projects; (ii) the six months ending June 30, 2026, the certification process slowed down, which affected the project schedule and revenue recognition; and (iii) the progress of a private commercial development project located in Causeway Bay in the six months ended June 30, 2025, due to the acceleration of the project and the achievement of major milestones.