Xunhe Group (01591.HK): Expected Annual Loss to Widen to HK$13 Million – HK$16 Million

NewTimeSpace News: On June 17, 2026, Xunhe Group (01591.HK) released a profit warning. Based on preliminary review of the unaudited consolidated management accounts for the year ended March 31, 2026, the Group expects to record a net loss ranging from approximately HK$13 million to HK$16 million, compared with a net loss of about HK$5.7 million for the corresponding period last year.

The Board of Directors attributes the widened net loss mainly to lower gross margin amid fierce competition in the property market, high upfront costs incurred for newly awarded projects in early 2026, a sharp decline in project management fees and decreased interest income. These negative impacts were partially offset by a reduction in net impairment losses on financial assets and contract assets.

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