Treasure Light Industries Limited (00084.HK) issued a profit warning, expecting a comprehensive loss attributable to shareholders of not less than HK$100 million for the year, a turnaround from profit to loss compared to the previous year.

Wise Financial News App, Baoguang Industry (00084.HK) announced that the group expects a comprehensive loss of not less than HK$100 million to be attributable to equity holders for the year ending March 31, 2025, while the net comprehensive surplus for the year ended March 31, 2024 was HK$473 million. The comprehensive surplus for the 2024 financial year includes proceeds from the sale of a subsidiary and a batch of watches totaling HK$544 million. Excluding the proceeds from the sales in 2024, the net loss for the group for the 2024 financial year was HK$71 million. It is expected that the net comprehensive loss for the 2025 financial year to be higher than the adjusted loss for 2024, mainly due to the impairment loss (non-cash) of HK$24.7 million related to the revaluation of investment properties as of March 31, 2025, and a decrease in revenue of approximately 20% for the 2025 financial year.