QINGHUA HOLD issues a profit warning, expecting a mid-term net loss of approximately HKD 26 million to HKD 31 million
QINGHUA HOLD issued a profit warning, expecting a net loss of between HKD 26 million and HKD 31 million for the six months ending June 30, 2025, a significant increase from the loss of HKD 8.59 million for the six months ending June 30, 2024. The main reason is the poor market performance of investment and organized concerts, resulting in a gross profit of only about HKD 700,000, compared to a gross profit of HKD 43.2 million in the previous period
According to the Zhitong Finance APP, QINGHUA HOLD (08082) announced that it expects a net loss of approximately HKD 26 million to HKD 31 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 8.59 million for the six months ending June 30, 2024.
The significant increase in the loss for the current period and the loss attributable to the company's owners is mainly due to the poor performance of the concert market in which it has invested and organized, resulting in a gross profit of only approximately HKD 700,000, while a gross profit of approximately HKD 43.2 million was achieved for the six months ending June 30, 2024
