GANGYU SERVICES (00265) issues profit warning, expecting a 55% to 65% decrease in year-on-year pre-tax profit for 2025.

19:56 18/03/2026

Hongyu Smart City Services (00265) announced that compared to the pre-tax profit of approximately 53 million Hong Kong dollars for the year ending in 2024, it is expected that the relevant profit for the year ending on December 31, 2025 will decrease by no less than 55% but no more than 65%.

GANGYU SERVICES (00265) announced that compared to the pre-tax profit of approximately HK$53 million for the year ending 2024, it is estimated that the relevant profit of the Group for the year ending December 31, 2025 will decrease by not less than 55% but not more than 65%. The Board believes that the expected decrease is mainly due to (i) an increase of approximately HK$146 million in fair value loss on investment properties; (ii) compensation income of RMB 4.7 million (equivalent to approximately HK$5.1 million) for the termination of the acquisition of 47 commercial units in Shijiazhuang, Hebei Province, China, and delayed delivery of these properties; and (iii) a decrease of approximately HK$5.3 million in bank interest income.

EAST BUY (01797) issued a total of 5.4697 million shares under the stock incentive plan.

Pfizer Inc. (PFE.US) achieves primary endpoint with potential "first-in-class" small molecule combination therapy.

FIRST SERVICE (02107) is expected to incur a net loss of no more than 53 million yuan for the year.

EAST BUY (01797) issued a total of 5.4697 million shares under the stock incentive plan.

Pfizer Inc. (PFE.US) achieves primary endpoint with potential "first-in-class" small molecule combination therapy.

FIRST SERVICE (02107) is expected to incur a net loss of no more than 53 million yuan for the year.