CHINA HK POWER (00931) Issues Profit Warning, Expects Interim Net Loss of HK$65M to HK$75M

Stock News
Nov 12

CHINA HK POWER (00931) announced that the group is expected to report an interim net loss attributable to shareholders of approximately HK$65 million to HK$75 million for the six months ended September 30, 2025. This compares to a net loss of about HK$54 million in the corresponding period last year. The increase in losses is primarily due to an approximately HK$13 million asset disposal related to property, plant, and equipment during the current interim period.

The board noted that April to September represents the off-season for the company's liquefied natural gas business, as well as the weakest period for its new energy operations providing heating services in northern China. However, the company plans to launch several new projects during the peak season in the second half of the year, which are expected to boost revenue and profitability.

Based on current business activities and development trends, the board remains optimistic about achieving a full-year turnaround for the fiscal year ending March 31, 2026.

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