Sim Technology Group (02000.HK): Expected H1 Loss of Approximately HK$5 Million to HK$20 Million

NewTimeSpace · 2026/08/11 19:18 · By Boyuan Chen

NewTimeSpace News: Sim Technology Group announced on 11 August that it expects to record a loss attributable to owners of the Company of approximately HK$5 million to HK$20 million for the six-month period ending 30 June 2026. A profit of around HK$8.8 million was achieved in the corresponding period of last year, marking a turnaround from profit to loss.

NewTimeSpace News: On 11 August 2026, Sim Technology Group (02000.HK) issued a profit warning. Based on preliminary review of the unaudited consolidated management accounts, the Group expects to record a loss attributable to owners of the Company of approximately HK$5 million to HK$20 million for the first half-year, compared with a profit of roughly HK$8.8 million recorded in the same period last year.

According to the announcement, the swing from profit to loss is mainly driven by a year-on-year decline in total turnover, higher material costs, increased research and development expenditure during the period, and impairment on investment properties.

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