Core Viewpoint - The company, Guangdong-Hong Kong Holdings (01396.HK), expects to report a significant profit turnaround for the six months ending June 30, 2025, with an estimated profit of not less than RMB 900 million, compared to a loss of approximately RMB 1,028.3 million for the same period in 2024 [1] Financial Performance - The turnaround from loss to profit is primarily attributed to the issuance of mandatory convertible bonds to redeem the company's USD-denominated preferred shares maturing in 2029, resulting in approximately RMB 1.4 billion in debt restructuring income (around HKD 1.5 billion) [1] - The company also reported a decrease in selling, administrative, and financing expenses by approximately RMB 87 million (around HKD 93.1 million), attributed to ongoing improvements in operational and management standards [1]
粤港湾控股(01396.HK)预计中期转亏为盈