CHERISH SUN (01094) announces annual performance, shareholders' net loss of 124 million Hong Kong dollars, turning from profit to loss year-on-year. Trading will resume on August 11th.

CHERISH SUN (01094) announced its annual performance for the year ending March 31, 2025. The group achieved a revenue of HK$98.25 million, a decrease of 87.44% compared to the previous year. The company's net loss attributable to owners amounted to HK$124 million, compared to a profit of HK$656,000 in the same period last year. The loss per share was 23.18 HK cents. The main reason for the loss in this fiscal year was the impairment losses on intangible assets, trade and other receivables, contract assets, and an increase in fair value losses on investment properties. Compared to the 23/24 financial year, the net profit attributable to owners has significantly decreased, mainly due to a significant decrease in fair value of investment properties in the second half of this fiscal year and a significant increase in asset impairment of the group in the current year. The company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange starting from 9:00 am on August 11, 2025.