SITOY GROUP (01023.HK): Profit Warning, Full-year Loss Attributable to Owners Expected to Narrow to HKD 110,000,000 to HKD 130,000,000
NewTimeSpace News: On 11 September 2026, Sitoy Group Holdings Limited (stock code: 01023.HK) issued a profit warning, expecting to record a loss attributable to owners of the Company of approximately HKD 110,000,000 to HKD 130,000,000 for the year ended 30 June 2026, narrower than the loss of approximately HKD 178,074,000 in 2025. The decrease in loss is mainly attributable to the non-recurrence of the one-off significant loss arising from the termination of the Cole Haan business in the previous year and to the fair value loss on investment properties falling to approximately HKD 50,000,000 to HKD 55,000,000 from approximately HKD 109,216,000 in 2025.
By segment, revenue of the manufacturing segment is expected to increase from approximately HKD 918,077,000 in 2025, while its loss before taxation is expected to widen, mainly due to the appreciation of RMB against USD, which weakened the gross profit margin, and certain non-cash provision adjustments expected to be made. Revenue of the retail segment is expected to decrease from approximately HKD 654,970,000 in 2025 as a result of the termination of the Cole Haan business, but the segment is expected to record a profit before taxation. Revenue of the property investment segment is expected to decrease, while its loss before taxation is expected to narrow significantly as the fair value loss decreases. The Company said the information is based only on the Board's preliminary assessment, has not been reviewed or audited by the external auditors or the audit committee, and the actual annual results may differ.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
