Zhongjia Guoxin (00899.HK): Profit Warning, Expected Annual Loss Narrowed to HK$170 Million – HK$190 Million

NewTimeSpace News: On 18 June 2026, Zhongjia Guoxin (00899.HK) released a profit warning. Based on preliminary assessment of the Group’s unaudited consolidated management accounts and information available to the Board of Directors, the Group anticipates that the consolidated net loss attributable to owners of the Company for the current year will be around HK$170 million to HK$190 million, compared with a loss of approximately HK$452 million for the year ended 31 March 2025.

The Board attributes the narrowed loss mainly to a substantial reduction in loss from changes in fair value of investment properties, lower impairment provisions in respect of interests in associates, decreased impairment provisions for intangible assets and lower impairment provisions for deposits paid. These positive factors were partially offset by a reduction in income tax credits, increased losses from discontinued operations and recognition of loss on disposal of a subsidiary.

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