HUASHENG INTL(01323) announces annual performance, with a net loss attributable to shareholders of HK$136 million, an increase of 47.21% year-on-year.

HUASHENG INTL (01323) announced its annual performance for the year ending March 31, 2026. The group achieved a revenue from continuing operations of HK$282 million, a decrease of 24.43% year-on-year; the attributable loss to owners of the company increased by 47.21% to HK$136 million; and the loss per share was 18 HK cents. The announcement stated that the significant decline in revenue was mainly attributed to the continued weakness in the property development and construction industry in Hainan Province, leading to a decrease in market demand for precast concrete products. With the ongoing decrease in property development and construction activities in the region, the market demand for this division has been declining for a year. In light of this, the group has changed its strategy by reducing the average selling price per cubic meter by about 9.0% compared to the previous year to maintain its market share. This pricing adjustment, combined with the decrease in sales volume, has continued to put pressure on the group's total revenue.