Core Viewpoint - The company expects a significant net loss of approximately RMB 108 million for the eighteen months ending June 30, 2025, while projecting a net profit of around RMB 67.5 million for the fiscal year ending December 31, 2023 [1] Financial Performance - The board attributes the anticipated financial decline to a substantial increase in direct material costs, which has led to a significant rise in sales costs, outpacing revenue growth [1] - As a result, the company is expected to report a gross loss for the eighteen months ending June 30, 2025, compared to a gross profit for the fiscal year ending December 31, 2023 [1]

Core Viewpoint - The company anticipates an increase in losses, projecting a loss of approximately HKD 320 million for the fiscal year ending June 30, 2025, compared to a loss of about HKD 182.8 million for the fiscal year ending June 30, 2024 [1] Financial Performance - The projected increase in losses is attributed to several factors, including the relegation of Birmingham City Football Club to the English Football League Championship, which has resulted in decreased broadcasting revenue [1] - Increased financing costs due to higher loan amounts are also contributing to the anticipated losses [1] - Operating expenses for the football club have risen, primarily due to increased matchday expenses and higher depreciation costs following upgrades to infrastructure and equipment [1] Asset and Expense Changes - The amortization of intangible assets has increased due to the acquisition of new players [1] - The company's share of losses from joint ventures has risen due to increased operating expenses in those ventures [1] - The automotive business has seen an increase in sales and marketing expenses, research and development costs, and administrative expenses, although some of these costs have been offset by gains from changes in the fair value of financial assets and increased matchday and commercial revenues from the football club [1]

Core Viewpoint - The company expects a net loss of approximately RMB 11 million to RMB 13 million for the six months ending June 30, 2025, compared to a net loss of approximately RMB 312 million in the same period of 2024 [1] Financial Performance - The expected gross profit for the reporting period is not less than approximately RMB 800,000, while the gross loss for the same period last year was approximately RMB 63.8 million [1] - The company did not recognize impairment losses during the reporting period, whereas it recognized approximately RMB 51.9 million in impairment losses in the same period last year [1] - Administrative expenses are expected to be approximately RMB 7.2 million, down from approximately RMB 18.3 million in the same period last year [1] - Financial costs are expected to be approximately RMB 9.4 million, compared to approximately RMB 185 million in the same period last year [1]

Group 1 - The company, 伟鸿集团控股 (03321.HK), expects to report a net loss of not less than 58 million Macanese Patacas for the six months ending June 30, 2025 [1] - In comparison, the company recorded a loss of approximately 58.6 million Macanese Patacas for the six months ending June 30, 2024 [1] - The anticipated net loss is primarily attributed to the absence of any projects undertaken during the reporting period [1]

Core Viewpoint - Bid International Holdings (01949) anticipates a significant net loss attributable to shareholders of approximately 45 million to 47 million Thai Baht for the first half of 2025, contrasting with a net profit of about 1.2 million Thai Baht in the same period of 2024 [1] Financial Performance - The expected net loss for the first half of 2025 is primarily due to a projected decrease in total revenue of approximately 54% compared to the same period in 2024 [1] - The reduction in revenue is mainly attributed to clients postponing several large projects, resulting in a gross profit decline of about 71% [1] - Increased administrative expenses are also noted, driven by higher depreciation, office expenses, and foreign exchange losses [1]

Core Viewpoint - Chang'an Renheng (08139.HK) anticipates a loss of approximately RMB 3 million for the six months ending June 30, 2025, compared to a net profit of about RMB 2.8 million for the same period ending June 30, 2024 [1] Financial Performance - The company expects a decline in profit despite an increase in sales revenue, primarily due to a decrease in gross profit margin [1] - The anticipated loss is attributed to rising costs of raw materials and energy [1] - Increased distribution expenses have also contributed to higher sales costs during the period [1]

Core Viewpoint - The company anticipates a shareholder's attributable comprehensive loss of approximately HKD 613 million for the mid-2025 period, a decrease from a loss of HKD 676 million in the same period of 2024 [1] Group 1: Business Performance - The company's two main business segments are property and hotel operations [1] - The property segment has seen a decline in revenue compared to the same period in 2024 due to a sluggish real estate market in both Hong Kong and mainland China [1] - The hotel business, primarily through Regal Hotels International Holdings Limited, continues to perform steadily, contributing increased revenue compared to the previous period [1]

Group 1 - The company, Chang'an Renheng (08139), expects to report a loss of approximately RMB 3 million for the six months ending June 30, 2025, compared to a profit of about RMB 2.8 million for the same period in 2024 [1] - The anticipated loss is primarily attributed to a decline in gross profit margin during the current period compared to the previous period [1] - The increase in raw material and energy costs is identified as a key factor contributing to the lower gross profit margin [1] Group 2 - Additionally, the company has experienced an increase in distribution expenses, which has led to higher sales costs for the current period [1]

Group 1 - The company, Crown City Watch and Jewelry (00256), anticipates a loss of approximately 40 million HKD for the six months ending June 30, 2025, compared to a profit of about 7.024 million HKD for the six months ending June 30, 2024 [1] - The board attributes the anticipated loss primarily to weak demand for non-essential goods during challenging economic conditions, with around 30 million HKD of the loss being attributed to fixed asset depreciation, which is a non-cash item [1]

Core Viewpoint - Hu Tao Capital (00905) expects a significant increase in attributable losses for the six months ending June 30, 2025, projected to rise by approximately 40% to 50% compared to the previous year's attributable loss of HKD 18.7 million [1] Group 1 - The increase in losses is primarily attributed to (i) impairment losses recognized on cryptocurrencies and (ii) an increase in administrative and other operating expenses [1] - The losses are partially offset by a decrease in losses from fair value changes of financial assets accounted for at fair value through profit or loss [1]