Huanghe Industry (00318.HK) issued a profit warning, expecting a decrease in annual net profit attributable to shareholders to be between 10 million and 12 million Hong Kong dollars compared to the previous year.

The Zhitong Finance APP news, Yellow River Industry (00318.HK) announced that it is expected that the group will achieve attributable net profit of 10 to 12 million Hong Kong dollars for the year ending on April 30, 2025 (this year), while it achieved about 21.1 million Hong Kong dollars for the year ending on April 30, 2024 (last year). This expected decrease of about 9 to 11 million Hong Kong dollars is mainly due to a decrease of about 17 to 18 million Hong Kong dollars in the fair value of the group's investment property portfolio according to the initial valuation draft. Management believes that this decrease in fair value is mainly due to the overall weakness of the property market this year. As this impairment is of a non-cash accounting nature, it is not expected to have a significant impact on the group's cash flow or operations.