Honghai Holdings Group (08020) issues profit warning, expecting the annual net loss attributable to shareholders to be approximately HK $21 million to HK $24 million.

The Zhixun Financial APP reported that Honghai Holdings Group (08020) announced that the group expects to incur a net loss attributable to owners of the company of approximately HK$21 million to HK$24 million for the year ending March 31, 2025, compared to a net loss of approximately HK$190,000 for the same period in 2024. The increased loss is mainly due to (i) a significant decrease in the number of high-profit projects obtained from the group's brand management and marketing consulting services; (ii) increased operational losses at the Bao'an and Futian amusement parks, as well as the "Ganawawa" store in Hong Kong; (iii) increased administrative expenses for the upcoming opening of an indoor Nickelodeon-themed park in Macau (with a total building area of approximately 9,000 square feet); and (iv) increased provision for impairment of trade receivables from IP automation and entertainment business. The group's dry bulk shipping and logistics business continues to grow steadily, partially offsetting the above impacts.