China Vered Fin (00245) issued a profit warning, expecting a year-end net profit of not less than 100 million Hong Kong dollars, a year-on-year decrease.

CHINA VERED FIN (00245) announced that the group expects to achieve a net profit of not less than 100 million Hong Kong dollars for the financial year ending December 31, 2025 (2025 fiscal year), while the net profit for the corresponding period ending in 2024 was approximately 223 million Hong Kong dollars. The decrease in net profit for the 2025 fiscal year is mainly due to a decrease in net investment income of not less than 60 million Hong Kong dollars, compared to a net investment income of approximately 436.5 million Hong Kong dollars for the corresponding period. The impact of these factors is expected to be partially offset by a reduction in employee costs and related expenses compared to the corresponding period; and reversal of financial asset impairment, while there was a provision of approximately 39.2 million Hong Kong dollars for financial asset impairment for the corresponding period.