HK Stock Market Move | China HK Power (00931) falls nearly 14% as the company issues a profit warning due to recent sluggish season in the liquefied natural gas business.

China HK Power (00931) fell by nearly 14%, as of the time of writing, it dropped by 13.64% to HKD 0.475, with a turnover of HKD 63.4791 million. On the news front, China HK Power released an announcement, expecting a loss of approximately HKD 65-75 million attributable to the owners of the company for the six-month interim period ending on September 30, 2025 (this interim period), compared to a loss of approximately HKD 54 million for the corresponding interim period ending on September 30, 2024. The announcement stated that the change was mainly due to the disposal of assets worth around HKD 13 million related to properties, factories, and equipment during this interim period. At the same time, the Board of Directors also noted that April to September is the off-season for the company's liquefied natural gas business and also for the new energy business, which is the largest segment providing heating services in northern China. In addition, the company has several new projects planned to be launched in the second half of the year, which are expected to help drive the group's revenue and profitability. Based on current business activities and development trends, the Board of Directors is optimistic about the company's ability to turn losses into profits for the full financial year from April 1, 2025, to March 31, 2026.