Winning Holdings (08535.HK) issues profit warning, expecting interim net loss of approximately HK$480,000

Zhito Finance APP News, Yingde Holdings (08535.HK) issued an announcement, expecting that the Group will record a net loss of approximately HK$480,000 for the six months ended September 30, 2026, compared with a net profit of approximately HK$410,000 for the six months ended September 30, 2025. The expected turnaround from profit to loss is mainly due to a decrease in gross profit caused by lower revenue, despite an increase in the Group's overall gross profit margin. Revenue from installation works decreased, reflecting fewer newly awarded installation works, coupled with the gradual nearing of completion of existing installation works while new installation works are still at an early stage. The volume of construction work at these stages is relatively low, and therefore less revenue was recognized during the reporting period. The Group's other income and gains, as well as the net reversal of impairment losses on trade receivables and contract assets, also decreased. The above adverse effects were partially offset by decreases in administrative and other operating expenses and finance costs.