C CHENG HLDGS (01486) released its annual performance with a net profit attributable to shareholders of HK$26.427 million, reversing the loss from the previous year to a profit.

C CHENG HLDGS (01486) announced its annual performance for the year ending December 31, 2025. The group achieved a revenue of HK$365 million, a decrease of 9.16% compared to the previous year. The attributable profit to owners of the company was HK$264.27 million, compared to a loss of HK$148.51 million in the same period last year. Earnings per share were 6.56 HK cents. The announcement stated that the annual profit for 2025 was HK$271.31 million, a significant increase of approximately 288.2% compared to the loss of HK$144.19 million in 2024. The increase in profit was mainly due to the recognition of right-of-use assets amounting to HK$53.92 million (after depreciation), of which HK$29.11 million has been deducted for impairment related to trade receivables and contract assets.