CHI KAN HLDGS (09913) issue a profit warning, forecasting a significant decrease in mid-term net profit to approximately 5.7 million Hong Kong dollars.

CHI KAN HLDGS (09913) announced that the company's net profit for the six months ending on September 30, 2025 is expected to be approximately HKD 5.7 million, a significant decrease compared to the net profit of around HKD 31.4 million in the same period last year. Despite the continued growth of the group's e-commerce business, its construction business has incurred losses. Therefore, the overall profit of the group has decreased significantly, mainly due to a weakening construction market in Hong Kong, resulting in fewer private and public projects being undertaken and reduced earnings. Additionally, compared to the same period last year, labor costs have increased, lowering the profit margins of the construction projects undertaken by the group.