XINKONG INT CAP (00993) announces annual performance, with a shareholder net loss of 1.153 billion Hong Kong dollars, a year-on-year increase of 79.42%.

XINKONG INT CAP (00993) announced the annual performance ending on December 31, 2025. The group achieved a revenue of HKD 196.88 million, a decrease of 78.7% year-on-year; the loss attributable to equity holders of the Company was HKD 1.153 billion, an increase of 79.42% year-on-year; basic loss per share was 13.2 HK cents. The announcement stated that the net loss for the year increased mainly due to (1) decrease in revenue; (2) significant net loss on financial assets recognized at fair value through profit or loss for the year, compared to net gains in the previous year; and (3) a further decline in the expected recoverable amount of a loan within the Group, resulting in a significant impairment loss recognized for the year.