HK Stock Market Move | CHINA AEROSPACE (00031) plunged more than 14% after issuing a profit warning, with an expected net loss of approximately 270 million to 290 million Hong Kong dollars for the year.

CHINA AEROSPACE (00031) fell over 14% after issuing a profit warning, dropping to 0.495 Hong Kong dollars, with a turnover of 7.09 million Hong Kong dollars at the time of writing. On the news front, on March 19th, CHINA AEROSPACE announced that it expects to record a annual net loss of approximately 270 million to 290 million Hong Kong dollars for the year ending December 31, 2025, compared to a net loss of 83.853 million Hong Kong dollars in 2024, indicating an increase in losses for this year. The announcement stated that the main reason for the further increase in net losses for this year is the continued downturn in the commercial real estate rental market in mainland China, especially in the Nanshan district of Shenzhen, leading to an increase in losses from the decrease in the fair value of the company's investment properties compared to 2024.