Core Viewpoint - Huakong Kantech (01312) reported a significant increase in net loss for the six months ending June 30, 2025, primarily due to challenges in its fitness franchise business and operational difficulties in its joint venture in Taiwan [1] Financial Performance - The company achieved revenue of HKD 453 million, a year-on-year decrease of 1.3% [1] - Shareholders' loss amounted to HKD 282 million, compared to a profit of HKD 4.745 million in the same period last year [1] - Basic loss per share was HKD 0.0506 [1] Business Challenges - The increase in net loss was attributed to a series of changes in the fitness franchise business, influenced by an uncertain economic outlook and intensified competition, leading to slower-than-expected business recovery [1] - The joint venture operating in Taiwan faced operational difficulties and financial constraints, contributing to significant impairment losses [1] Impairment Losses - The company recorded expected credit loss impairment of approximately HKD 159 million (2024: approximately HKD 25.5 million) [1] - Impairment loss on intangible assets was approximately HKD 124 million (2024: approximately HKD 13.6 million) [1] - Goodwill impairment loss in the fitness business segment was approximately HKD 88.4 million (2024: none) [1]
华控康泰(01312)发布中期业绩，股东应占亏损2.82亿港元 同比盈转亏