China Financial Investment Management (00605.HK) issues profit warning, expecting a mid-term net loss attributable to shareholders of approximately 28 million to 31 million Hong Kong dollars.

Wisdom Finance APP News, China Financial Investment Management (00605.HK) announced that compared to a loss of approximately 18.3 million Hong Kong dollars attributable to equity holders of the company for the six months ended June 30, 2024, the group expects to record a loss of approximately 28 to 31 million Hong Kong dollars attributable to equity holders of the company for the six months ended June 30, 2025. According to available information, the main reasons for the increased loss during the reporting period are: (i) a decrease in revenue from China and Hong Kong financing business due to economic uncertainty and (ii) the group conducting its loan business under stricter credit controls.