Core Viewpoint - The company reported a significant decline in property sales and is facing liquidity pressures, prompting a debt restructuring process to manage its financial obligations [1][4]. Sales Performance - The company achieved property sales of 7.39 billion RMB in 2025, a decrease of approximately 41% compared to the previous year [1]. - The total sales area for 2025 was 367,000 square meters, down from 593,000 square meters in 2024 [2]. Land Reserves - The company has paused land acquisitions due to significant liquidity pressures and has not secured new projects during the year, maintaining a land reserve of 2.2 million square meters, with 310,000 square meters sold but not yet delivered [2]. Highway Business - The average daily mixed traffic volume for the Indonesian highway project was approximately 87,300 vehicles, a slight increase of about 1% year-on-year [3]. - Toll revenue for the highway segment was approximately 1.695 billion HKD, a decrease of 4% from the previous year, but remained stable when excluding currency depreciation effects [3]. Profitability - The company's attributable profit for 2025 was 5.319 billion HKD, a decline of 50.82% from 10.815 billion HKD in the previous year [3]. - The net asset value per share was reported at 7.10 HKD [3]. Financial Position - Total assets amounted to 45.152 billion HKD, a year-on-year decrease of 21.49%, with cash and bank deposits at 2.566 billion HKD, down 39.96% [4]. - The company has outstanding secured senior notes of 1.401 billion USD and three tranches of senior secured perpetual capital securities totaling 890.5 million USD [4]. Debt Restructuring - The company has initiated a debt restructuring process due to offshore debt pressures and has made progress in negotiations with creditors, achieving a principle agreement with several stakeholders [4]. - A creditor group has shown support for the latest restructuring plan, representing approximately 65% of the group's holdings, although there are internal disagreements regarding the proposal [4]. Future Focus - The company plans to concentrate on offshore debt restructuring, ensure project deliveries, maintain operational stability, and control cash flow while exploring the sale of the Indonesian highway project and expanding real estate-related businesses [5].

Group 1 - The company reported a property sales revenue of RMB 7.39 billion for the year ending December 31, 2025, representing a decline of approximately 41% compared to the previous year [1] - The company's toll revenue from its Indonesian highway project for 2025 was HKD 1.695 billion, a decrease of about 4% year-on-year; excluding exchange rate effects, the revenue remained flat compared to last year [1] Group 2 - The company reported a revenue of HKD 5.322 billion for the year ending December 31, 2025, a year-on-year decrease of 3.88% [2] - The company experienced a shareholder loss of HKD 5.982 billion, which expanded by 45.12% year-on-year [2] - The basic loss per share was HKD 7.98 [2]

Core Viewpoint - The company reported a significant decline in property sales and incurred substantial losses in the fiscal year 2025, reflecting ongoing challenges in the real estate market and currency fluctuations [1] Group 1: Financial Performance - In 2025, the company achieved property sales revenue (including joint ventures) of RMB 7.39 billion, a decrease of approximately 41% compared to the previous year [1] - The company recorded a post-tax loss of HKD 5.302 billion, with a loss attributable to shareholders of HKD 5.982 billion, resulting in a loss per share of HKD 7.98 [1] Group 2: Real Estate Division - The revenue from the real estate division primarily came from property deliveries, with projects in the Yangtze River Delta region accounting for about 59% of total delivery revenue [1] - The real estate division reported a loss of HKD 3.714 billion due to a decline in both sales volume and prices, influenced by a sluggish real estate market and competitive price promotions in the region [1] Group 3: Infrastructure Projects - The company's Indonesian highway project recorded toll revenue of HKD 1.695 billion in 2025, a slight decrease of about 4% from the previous year; excluding currency effects, the revenue remained stable [1] - The total traffic volume for the Indonesian highway project was 31.88 million vehicles, with an average daily mixed traffic volume of approximately 87,300 vehicles, reflecting a slight increase of about 1% year-on-year [1]

Core Viewpoint - The company reported a decline in revenue and an increase in shareholder losses for the fiscal year ending December 31, 2025, indicating significant challenges in its operations and financial performance [1] Financial Performance - The company recorded a revenue of HKD 5.322 billion, representing a year-on-year decrease of 3.88% [1] - Shareholder losses amounted to HKD 5.982 billion, which is a 45.12% increase compared to the previous year [1] - The basic loss per share was HKD 7.98 [1] Property Sales - The group achieved property sales (including joint ventures and associate projects) of RMB 7.390 billion, which is approximately a 41% decline from the previous year [1] Toll Revenue - The company's toll revenue from its Indonesian highway project for 2025 was HKD 1.695 billion, showing a decrease of about 4% year-on-year; however, when excluding currency effects, the revenue remained stable compared to last year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不會就因本公佈之全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 ROAD KING INFRASTRUCTURE LIMITED 路勁基建有限公司 * （於百慕達註冊成立之有限公司 ） （股 份 代號：1098） 截至二零二五年十二月三十一日止年度 業績公佈 | 摘要 | | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | 物業銷售額（包括合資及聯營企業項目） | 人民幣73.90億元 | 人民幣124.62億元 | | 物業交付額（包括合資及聯營企業項目） | 人民幣116.04億元 | 人民幣315.92億元 | | 印尼高速公路項目路費收入 | 港幣16.95億元 | 港幣17.65億元 | | 本公司擁有人應佔年度虧損 | 港幣59.82億元 | 港幣41.22億元 | * 僅供識別 1 業績 Road King Infrastructure Limited（路勁基建有限公司* ）（「本公司」）董事會（「董事會」） ...

Core Viewpoint - The company, 路劲 (01098), anticipates a significant loss for the fiscal year ending December 31, 2025, estimated between HKD 52 billion to 55 billion, with losses attributable to shareholders expected to be between HKD 58 billion to 61 billion, reflecting a deterioration in the real estate market and operational challenges [2]. Financial Performance - The projected loss for the current year represents an increase from the previous year's loss of HKD 33.08 billion, with losses attributable to shareholders amounting to HKD 41.22 billion [2]. - The increase in losses is primarily due to the decline in profit margins from real estate projects in mainland China and Hong Kong, coupled with increased impairment provisions for properties and related assets [2]. Market Conditions - The company’s financial struggles are attributed to the ongoing downturn in the real estate market and a challenging industry environment, which have adversely affected profitability [2]. - The prior year’s results included a one-time gain from the sale of the entire interest in mainland China's highway business, which generated a post-tax net gain of HKD 14.90 billion (approximately HKD 11.18 billion attributable to shareholders), partially offsetting operational losses for 2024 [2].

Core Viewpoint - The company, Road King Infrastructure, has issued a profit warning indicating significant losses for the fiscal year 2025, with projected losses between 5.2 billion to 5.5 billion Hong Kong dollars [1] Financial Performance - For the fiscal year 2024, the company reported a loss of 3.308 billion Hong Kong dollars, with losses attributable to shareholders amounting to 4.122 billion Hong Kong dollars [1] - The increase in losses for 2025 compared to 2024 is primarily due to the sale of all its highway business interests in mainland China in 2024, which resulted in a post-tax net gain of 1.49 billion Hong Kong dollars, partially offsetting operational losses for that year [1]

Core Viewpoint - The company, Road King Infrastructure (01098.HK), anticipates a significant loss for the fiscal year ending December 31, 2025, with projected losses ranging from HKD 52 billion to HKD 55 billion, and losses attributable to shareholders estimated between HKD 58 billion and HKD 61 billion, indicating a deterioration from the previous year's losses of HKD 33.08 billion and HKD 41.22 billion respectively [1] Group 1 - The anticipated losses are primarily attributed to the ongoing downturn in the real estate market and a challenging operating environment, which have led to a decline in profit margins for real estate projects in both mainland China and Hong Kong [1] - The increase in losses compared to the previous year is also due to the company's sale of its entire interest in mainland China's highway business in 2024, which resulted in a post-tax net gain of HKD 14.90 billion (approximately HKD 11.18 billion attributable to shareholders), partially offsetting some operational losses for 2024 [1]

Core Viewpoint - The company expects to report a significant loss for the year ending December 31, 2025, primarily due to the ongoing downturn in the real estate market and challenging industry conditions [1] Financial Performance - The group anticipates a loss of approximately HKD 5.2 billion to HKD 5.5 billion for the year, while the loss attributable to the company's owners is expected to be around HKD 5.8 billion to HKD 6.1 billion [1] - In comparison, the loss for the year 2024 was HKD 3.308 billion for the group and HKD 4.122 billion attributable to the company's owners [1] Market Conditions - The anticipated losses are attributed to declining profit margins on real estate projects in mainland China and Hong Kong, as well as increased impairment provisions for properties and related assets [1] - The overall industry environment remains severe, contributing to the company's financial challenges [1] Previous Year Comparison - The increase in losses compared to the previous year is partly due to the group's sale of its entire interest in mainland China's highway business, which resulted in a post-tax net gain of HKD 1.49 billion (approximately HKD 1.118 billion attributable to the company's owners) in 2024, offsetting some operational losses [1]

路勁基建有限公司* （於百慕達註冊成立之有限公司） （股份代號：1098） 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 會 就 因 本 公 佈 之 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ROAD KING INFRASTRUCTURE LIMITED 1 承董事會命 Road King Infrastructure Limited （路勁基建有限公司*） 主席 單偉彪 香港，二零二六年三月十九日 於本公佈刊發日期，董事會包括執行董事單偉彪先生、方兆良先生及伍寬雄先生， 非執行董事 嚴中宇先生及鄧紅玉女士，以及獨立非執行董事黃偉豪先生、張漢傑先生、何大衞先生及林文娟女 士。 * 僅供識別 2 盈利警告 本公佈乃由 Road King Infrastructure Limited（ 路勁基建有限公司*）（「本公司」，連同 其附 ...