CHINA WANTIAN (01854) issues a profit warning, expecting a net loss of approximately HKD 27 million to HKD 30 million for the interim period, representing a year-on-year narrowing of 36% to 42%.

CHINA WANTIAN (01854) announced that the Group expects to incur a net loss of approximately HKD 27 million to HKD 30 million for the six months ending June 30, 2026 (the reporting period), which is an improvement compared to the net loss of approximately HKD 46.9 million for the six months ending June 30, 2025, representing a reduction of about 36% to 42%. This decrease is primarily due to (i) a reduction in employee costs in the food and beverage segment as a result of some restaurant closures; and (ii) a decrease in depreciation of property, plant, and equipment, as well as right-of-use assets in the food and beverage segment, because these assets had been fully impaired in the fiscal year ending December 31, 2025 (the previous fiscal year).