Sun Y Group (01633) issued a profit warning, expecting the annual net loss to increase to approximately 23.9 million Hong Kong dollars compared to the previous year.

Tencent Finance APP News, Shangyu Group (01633) issued an announcement, the group is expected to incur a net loss of approximately 23.9 million Hong Kong dollars for the year ending March 31, 2026, compared to a net loss of approximately 9.7 million Hong Kong dollars for the year ending March 31, 2025. Based on the information currently available to the Board of Directors, the Board believes that the net loss is mainly attributable to: (i) a decrease in the group's revenue; (ii) a decrease in the overall gross profit margin of the projects undertaken by the group; (iii) expected credit loss provisions for financial assets; and (iv) impairment losses on the right-of-use assets acquired by the group.