CSC DEVELOPMENT (00830) expects that the profit attributable to shareholders in the first half of the year will decrease to approximately HKD 133 million compared to the same period last year.

CSC DEVELOPMENT (00830) announced that the board of directors expects the group's share of profit attributable to shareholders for the six months ending June 30, 2026 (the first half of 2026) to be approximately HKD 133 million, compared to approximately HKD 386 million for the six months ending June 30, 2025. The anticipated decrease in profit is mainly due to: developers adopting a cautious investment attitude, resulting in a reduction in new project volume and revenue during the period, which has not returned to past levels; the settlement profits of certain projects not meeting expected targets; and increases in raw material prices and the appreciation of the Renminbi, which have raised sales costs and exerted pressure on project gross margins. The board has noted that the Hong Kong real estate market has shown signs of recovery since 2025, and if this trend continues, it is expected to positively promote the future recovery of the local curtain wall market and subsequent new project volume. The group is also continuously optimizing production operating costs and is committed to keeping project costs within a manageable range.