CHINA CHENGTONG (00217) announced a positive profit forecast, expecting a shareholder's profit of approximately HKD 43.8 million for the first half of the year, a significant increase of about 343% year-on-year.

CHINA CHENGTONG (00217) announced that the Group expects to achieve a profit attributable to owners of the Company of approximately HK$43.8 million in the first half of 2026, a significant increase of about 343% compared to the profit attributable to owners of the Company of approximately HK$9.88 million for the six-month period ending June 30, 2025. The significant increase in the profit attributable to owners of the Company expected for the first half of 2026 is mainly due to the combined effects of the following factors: the Group's leasing business continues to expand, with the scale of interest-earning assets significantly increasing compared to the same period last year, driving a substantial increase in leasing income and related earnings; and the delivery volume of properties under the property development and investment business has significantly risen compared to the same period last year, leading to a notable increase in sales revenue. Driven by these factors, the Group expects a consolidated gross profit increase of approximately HK$44.74 million for the first half of 2026 compared to the same period last year.