CHU KONG SHIP (00560) issues profit warning, expecting annual attributable net comprehensive profit of approximately HK$41 million to HK$55 million, a decrease of approximately 53%-65% year-on-year.

CHU KONG SHIP (00560) announcement, the Group expects the shareholders' share of unaudited comprehensive surplus for the year ending December 31, 2025 (the relevant period) to be approximately HK$41 million to HK$55 million, a decrease of about 53%-65% compared to the same period last year. The decrease in the expected shareholders' share of unaudited comprehensive surplus for the relevant period is mainly due to international trade frictions, including the tariff disputes between the United States and China, which have led to a decrease in the Group's volume of goods transportation and handling; and the opening of the Shenzhen-Zhongshan Channel on June 30, 2024 has also had a negative impact on the Group's cross-border water passenger transport related business performance. Despite the above circumstances, the Group continues to maintain a healthy cash flow and financial condition to meet business and development needs.