Great Wall Holdings (00524) has issued a profit warning, expecting a mid-term consolidated loss attributable to shareholders of approximately HKD 8.8 million to HKD 9.8 million, an increase compared to the same period last year.

Changcheng Tianxia (00524) announced that the Group expects to record an unaudited loss attributable to shareholders of approximately HKD 8.8 million to HKD 9.8 million for the six months ending June 30, 2026 (the Current Period), compared to an unaudited loss attributable to shareholders of approximately HKD 6.6 million for the six months ending June 30, 2025 (the Previous Period). The Board believes that the increase in net loss for the Current Period is primarily due to the overall impact of the following factors: (a) a decrease of approximately HKD 1.5 million in other income recognized during the Current Period, mainly due to the overall impact of the following items: (i) a decrease of approximately HKD 1.1 million in other income recognized from the reversal of provisions for employee costs and professional fees from January to June 2020; (ii) no gain was recognized from early termination of lease arrangements during the Current Period, while approximately HKD 0.8 million was recognized in the Previous Period; and (iii) a reversal of approximately HKD 0.3 million in trade payables was recognized during the Current Period, whereas there was no related other income in the Previous Period; and (b) an increase of approximately HKD 1.0 million in finance costs during the Current Period, mainly due to the increase in the average balance of loans from a director during the Current Period.