Core Viewpoint - Hengyue Holdings (01723) expects to report a loss attributable to shareholders of approximately HKD 190 million to HKD 200 million for the six months ending September 30, 2025, compared to a profit of HKD 691,000 for the same period ending September 30, 2024 [1] Financial Performance - The shift from profit to loss is primarily attributed to the preliminary recognition of a convertible note derivative instrument issued and converted on May 23, 2025, amounting to approximately HKD 193 million [1] - The board believes that issuing convertible notes is an appropriate way to provide additional working capital for the company [1] Impact on Operations - The reported loss is a one-time non-cash event arising from accounting treatment under applicable standards, and it does not adversely affect the company's operations or cash flow [1]