Core Viewpoint - Huanghe Industrial (00318) anticipates a profit attributable to shareholders of HKD 10 million to HKD 12 million for the fiscal year ending April 30, 2025, a decrease of approximately HKD 9 million to HKD 11 million compared to the HKD 21.1 million profit for the fiscal year ending April 30, 2024 [1] Group 1 - The expected profit decline is primarily due to a non-cash accounting treatment reflecting a decrease in the fair value of the company's investment property portfolio by approximately HKD 17 million to HKD 18 million [1] - Management attributes the decline in fair value to the overall weakness in the property market during the current fiscal year [1] - The impairment is classified as an unrealized non-cash accounting treatment, which is not expected to have a significant impact on the company's cash flow or operations [1]

Core Viewpoint - Huanghe Industrial (00318) expects a significant decrease in profit for the fiscal year ending April 30, 2025, projecting a profit attributable to shareholders of HKD 10 million to HKD 12 million, down from approximately HKD 21.1 million for the fiscal year ending April 30, 2024, indicating a reduction of about HKD 9 million to HKD 11 million [1] Group 1 - The expected decline in profit is primarily attributed to a decrease in the fair value of the company's investment property portfolio, which is estimated to drop by approximately HKD 17 million to HKD 18 million due to weak market conditions [1] - Management believes that the decline in fair value is mainly due to the overall weakness in the property market during the current fiscal year [1] - The impairment is classified as an unrealized non-cash accounting treatment, which is not expected to have a significant impact on the company's cash flow or operations [1]