CHINA TRAVEL HK (00308) issues profit warning with expected shareholder losses exceeding HK$250 million in 2025, turning from profit to loss year-on-year.

CHINA TRAVEL HK (00308) announced that, compared to the shareholders' attributable profit of HK$106 million in 2024, the group is expected to incur a loss of over HK$250 million in 2025. The Board of Directors believes that the loss in 2025 is mainly due to impairment provisions made for the assets of the tourism real estate business and equity interests in associated companies that were distributed in kind for the year 2025, as well as the reclassification of one-off cumulative exchange differences related to the tourism real estate business distributed in kind, and the decline in fair value of investment properties due to market fluctuations. As of December 31, 2025, the relevant distributions in kind have been completed, and the assets and equity interests that were distributed are no longer included in the group's consolidated financial statements.