ZCLOUD TECH CON (09900) announces its annual performance, with a net profit attributable to owners of 6.971 million Hong Kong dollars, a decrease of 77.55% year-on-year.

ZCLOUD TECH CON (09900) announced its annual performance for the year ending March 31, 2026, with revenue of approximately 851 million Hong Kong dollars, a decrease of 33.25% year-on-year; the company's attributable profit was 6.971 million Hong Kong dollars, a decrease of 77.55% year-on-year; earnings per share were 0.23 Hong Kong cents. The announcement stated that the decrease in profit was mainly due to (i) additional costs incurred during the process and maintenance period of several projects providing building construction services and RMAA services, resulting in a decrease in revenue and gross profit margin; (ii) increase in material costs; (iii) decrease in fair value of financial assets recognized in profit or loss; (iv) absence of the performance of a jointly controlled entity; (v) reduction in administrative expenses; and (vi) the comprehensive impact of reversing impairment losses recognized in the previous year under the expected credit loss model.