Core Viewpoint - WANG ON GROUP (01222) reported a decline in revenue and a significant loss for the six months ending September 30, 2025, primarily due to reduced property sales in China and a decrease in gross profit from completed residential projects [1] Financial Performance - The company achieved revenue of HKD 1.208 billion, a year-on-year decrease of 1.79% [1] - The loss attributable to equity holders of the parent company was HKD 354 million, compared to a profit of HKD 85.571 million in the same period last year [1] - Basic loss per share was HKD 0.025 [1] Revenue Changes - The revenue fluctuation was mainly due to an increase in sales and delivery of completed residential projects in Hong Kong, offset by a decrease in property sales in China [1] Loss Drivers - The loss attributable to equity holders was primarily due to: - A loss from the sale of a 20% stake in a hotel project [1] - A decrease in share of profits from joint ventures, mainly due to a continued downturn in the commercial real estate market [1] - Reduced gross profit from the delivery of completed residential projects [1] - Realized losses from debt investments measured at fair value, partially offset by lower financing costs due to interest rate declines [1]
WANG ON GROUP发布中期业绩 股东应占亏损3.54亿港元 同比盈转亏