Tsui Wah Holdings Limited has issued a profit warning, forecasting a significant decline in profit for the financial year ended 31 March 2025. The company anticipates a decrease in profit attributable to its owners by at least 50% and possibly up to 70% compared to approximately HK$39 million for the previous financial year. This decline is primarily attributed to the challenging economic conditions in Hong Kong and mainland China, increased northbound travel from Hong Kong, intense competition within the food and beverage sector in mainland China, and the ongoing impact of the US-China trade war. The announcement is based on preliminary assessments of unaudited management accounts and is subject to change. Shareholders and potential investors are urged to exercise caution when dealing in the company's securities.
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