HK CHINESE LTD (00655) issued a profit warning, expecting a mid-term comprehensive loss attributable to shareholders of approximately HKD 450 million, turning from profit to loss year-on-year.

HK CHINESE LTD (00655) announced that it is expected that the Group will record a loss of approximately HKD 440 million attributable to its joint ventures for the six months ending June 30, 2026 (the Current Period), compared to a profit of HKD 189 million attributable to its joint ventures for the six months ending June 30, 2025 (the Previous Period). The majority of the losses from the Group's joint ventures are non-cash in nature and primarily stem from losses related to investments accounted for using the equity method from the OUE Group, as well as impairment losses on its investment in an equity-method investee. According to the current information available to the Company, it is expected that the Group may record an unaudited consolidated loss attributable to shareholders of approximately HKD 450 million for the Current Period, compared to a consolidated profit of HKD 199 million for the Previous Period. The change is mainly due to the aforementioned losses from the joint ventures.