Fengzhan Holdings (01826.HK) issues profit warning, expecting net loss in the first half of the year to increase to approximately HKD 9 million to 12 million.

According to the Zhichun Finance APP, Fengzhang Holdings (01826.HK) announced that the group expects to incur a net loss of approximately HK$9 million to HK$12 million in the first half of 2026, compared to a loss of approximately HK$5.2 million in the same period of 2025. The increase in net loss during this period is mainly due to (i) a decline in both the number and contract value of ongoing projects under the challenging industry conditions, coupled with some ongoing projects being in the completion stage, resulting in a decrease in recognized revenue for the group; and (ii) rising direct costs, which adversely affect the groups gross profit.