荣利营造(09639.HK)：预计中期净利润不超2000万港元 同比下跌约47%

Core Viewpoint - The company, Rongli Construction (09639.HK), anticipates a significant decline in shareholder profit for the six months ending September 30, 2025, projecting a profit of no more than HKD 20 million, which represents a decrease of approximately 47% compared to HKD 37.54 million in the same period of 2024 [1] Group 1 - The expected decline in shareholder profit is primarily attributed to increased sales and marketing expenses in the new energy business [1] - Several construction projects are nearing completion, resulting in most of the related revenue and profit being recognized prior to this period [1] - Other recently awarded contract projects are in the initial stages, with no profit recognized during this period [1] Group 2 - The company believes that the forward-looking initiatives for the initial stage construction projects will support sustainable and long-term growth [1] - Although the company's efforts have not yet fully materialized, the board is confident that these resources will lay a solid foundation for the company's future [1]