Chinese wallet (00802.HK) reports profit, expecting a surplus of 2-3.5 million Hong Kong dollars in the first half of the year, reversing the loss from the same period last year to a profit.

China Wallet (00802.HK) announced that the group is expected to achieve a comprehensive surplus of 2 to 3.5 million Hong Kong dollars for the six months ending on June 30, 2025 (compared to a comprehensive loss of 23.9 million Hong Kong dollars in 2024). Based on the current information available, the return to profit is mainly due to the unrealized gains of approximately 3.6 million Hong Kong dollars on financial assets recorded at fair value through profit or loss for the six months ending on June 30, 2025 (compared to unrealized losses of approximately 21.5 million Hong Kong dollars in 2024) and an increase in the group's revenue.