Zhongze Feng (01282.HK) issued a profit warning, expecting a loss of no more than approximately 50 million Hong Kong dollars in the mid-term, a decrease year-on-year.

Capital Connect Financial News App news: Zhongze Feng (01282.HK) announced that the group expects to incur a loss of not more than approximately HK$50 million in the six months ending on June 30, 2025, while the unaudited comprehensive loss of the group for the same period in 2024 was approximately HK$143 million. The expected decrease in loss for this period is mainly attributable to: revenue increasing from approximately HK$379 million in the six months ending on June 30, 2024 to approximately HK$457 million in this period; other income for this period is approximately HK$160,000, while other losses for the six months ending on June 30, 2024 were approximately HK$60.107 million; and a significant reduction in property inventory write-downs to approximately HK$7.208 million for this period, compared to HK$67.952 million for the six months ending on June 30, 2024.