SHENZHEN INVEST (00604) announced that after accounting for an impairment loss of approximately HK$1.3 billion on the carrying value of the company's equity interest in its Hong Kong-listed associate Road King Infrastructure Limited (01098) as of June 30, 2025, the group expects to record an unaudited comprehensive loss attributable to equity shareholders of approximately HK$2.5 billion to HK$2.7 billion for the first half of 2025. This compares to an unaudited comprehensive loss attributable to equity shareholders of approximately HK$1.1 billion for the same period in 2024.
The announcement stated that the expected significant increase in net loss attributable to equity shareholders is primarily due to the substantial impairment loss on Road King recognized during the period and the group's increased share of Road King's losses during the same period. The company has made full impairment provisions for its long-term equity investment in Road King, and Road King's future performance will not have a material adverse impact on the group.