Kingkey International Investment Limited (06822.HK) issued a profit warning, expecting a mid-term loss of approximately HK$40 million, turning from profit to loss compared to the same period last year.

China Finance APP News, Kejing International (06822.HK) announced that the group is expected to incur a loss of approximately HK$40 million in the six months ending June 30, 2025, compared to a profit of approximately HK$3.4 million in the same period last year. The main reason for the change from profit to loss is that administrative expenses have significantly increased due to the start of operations of the advanced manufacturing center for nanofiber production in the Tseung Kwan O Industrial Estate; other income and gains/losses have decreased significantly from a profit of approximately HK$3.7 million in the previous period to a loss of approximately HK$6.8 million in the reporting period, mainly due to adverse market conditions in the commercial real estate sector leading to fair value losses on investment properties held by the group, which increased significantly from approximately HK$4 million in the previous period to approximately HK$16.9 million in the reporting period; and revenue decreased from approximately HK$3.34 billion in the previous period to approximately HK$2.5 billion in the reporting period, mainly due to uncertainties regarding US tariffs and expansion policies.