Scorching Dragon forecasts HK$26–28 million FY2025 loss after 76% revenue slide and asset impairments

Bulletin Express03-26

Scorching Dragon Holdings Limited has issued a profit warning, indicating an expected net loss of roughly HK$26.00 million to HK$28.00 million for the year ended 31 December 2025 (FY2025). The projected deficit is broadly in line with the HK$27.00 million loss recorded in FY2024.

Management attributes the FY2025 shortfall to two main factors:

1. Revenue contraction: Turnover is anticipated to fall 75.93%, from HK$54.40 million in FY2024 to about HK$13.10 million in FY2025. The sharp decline follows the closure of two restaurants during 2024 and the suspension of the Group’s last operating outlet in October 2025. Lower staff and operating costs partially mitigated the revenue impact.

2. Impairment losses: The Group expects to book HK$7.40 million in impairment losses on financial assets, reversing a HK$0.40 million impairment reversal recognised in FY2024. The write-down stems from a decrease in the fair value of these assets during the period.

To revive its restaurant operations, Scorching Dragon opened a new Chinese dining venue—“旺角(龍皇)海鮮菜館 (Mong Kok (Dragon King) Seafood Restaurant)”—in January 2026, offering Cantonese cuisine and seafood dishes.

The FY2025 results remain subject to audit and may change. The company’s shares have been suspended from trading since 20 October 2025 pending fulfilment of resumption requirements. Scorching Dragon plans to release its full FY2025 results in late March 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1132051011?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-26 21:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1132051011","market":"us","top_or_hot":-1,"title":"Scorching Dragon forecasts HK$26–28 million FY2025 loss after 76% revenue slide and asset impairments","media":"Bulletin Express","content":"<p>Scorching Dragon Holdings Limited has issued a profit warning, indicating an expected net loss of roughly HK$26.00 million to HK$28.00 million for the year ended 31 December 2025 (FY2025). The projected deficit is broadly in line with the HK$27.00 million loss recorded in FY2024.</p>\n<p>Management attributes the FY2025 shortfall to two main factors:</p>\n<p>1. Revenue contraction: Turnover is anticipated to fall 75.93%, from HK$54.40 million in FY2024 to about HK$13.10 million in FY2025. The sharp decline follows the closure of two restaurants during 2024 and the suspension of the Group’s last operating outlet in October 2025. Lower staff and operating costs partially mitigated the revenue impact.</p>\n<p>2. Impairment losses: The Group expects to book HK$7.40 million in impairment losses on financial assets, reversing a HK$0.40 million impairment reversal recognised in FY2024. The write-down stems from a decrease in the fair value of these assets during the period.</p>\n<p>To revive its restaurant operations, Scorching Dragon opened a new Chinese dining venue—“旺角(龍皇)海鮮菜館 (Mong Kok (Dragon King) Seafood Restaurant)”—in January 2026, offering Cantonese cuisine and seafood dishes.</p>\n<p>The FY2025 results remain subject to audit and may change. The company’s shares have been suspended from trading since 20 October 2025 pending fulfilment of resumption requirements. Scorching Dragon plans to release its full FY2025 results in late March 2026.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scorching Dragon forecasts HK$26–28 million FY2025 loss after 76% revenue slide and asset impairments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScorching Dragon forecasts HK$26–28 million FY2025 loss after 76% revenue slide and asset impairments\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-03-26 21:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Scorching Dragon Holdings Limited has issued a profit warning, indicating an expected net loss of roughly HK$26.00 million to HK$28.00 million for the year ended 31 December 2025 (FY2025). The projected deficit is broadly in line with the HK$27.00 million loss recorded in FY2024.</p>\n<p>Management attributes the FY2025 shortfall to two main factors:</p>\n<p>1. Revenue contraction: Turnover is anticipated to fall 75.93%, from HK$54.40 million in FY2024 to about HK$13.10 million in FY2025. The sharp decline follows the closure of two restaurants during 2024 and the suspension of the Group’s last operating outlet in October 2025. Lower staff and operating costs partially mitigated the revenue impact.</p>\n<p>2. Impairment losses: The Group expects to book HK$7.40 million in impairment losses on financial assets, reversing a HK$0.40 million impairment reversal recognised in FY2024. The write-down stems from a decrease in the fair value of these assets during the period.</p>\n<p>To revive its restaurant operations, Scorching Dragon opened a new Chinese dining venue—“旺角(龍皇)海鮮菜館 (Mong Kok (Dragon King) Seafood Restaurant)”—in January 2026, offering Cantonese cuisine and seafood dishes.</p>\n<p>The FY2025 results remain subject to audit and may change. The company’s shares have been suspended from trading since 20 October 2025 pending fulfilment of resumption requirements. Scorching Dragon plans to release its full FY2025 results in late March 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"08493","symbol_name":"龙皇集团","start_time":0,"source_url":"","article_id":"1132051011","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132051011","pubTimestamp":1774530146,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Scorching Dragon Holdings Limited has issued a profit warning, indicating an expected net loss of roughly HK$26.00 million to HK$28.00 million for the year ended 31 December 2025 (FY2025). The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"08493":"龙皇集团"},"translate_title":"Scorching Dragon预计2025财年收入下滑76%和资产减值后亏损26-2800万港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"08493":1},"content_text":"Scorching Dragon Holdings Limited has issued a profit warning, indicating an expected net loss of roughly HK$26.00 million to HK$28.00 million for the year ended 31 December 2025 (FY2025). The projected deficit is broadly in line with the HK$27.00 million loss recorded in FY2024.\nManagement attributes the FY2025 shortfall to two main factors:\n1. Revenue contraction: Turnover is anticipated to fall 75.93%, from HK$54.40 million in FY2024 to about HK$13.10 million in FY2025. The sharp decline follows the closure of two restaurants during 2024 and the suspension of the Group’s last operating outlet in October 2025. Lower staff and operating costs partially mitigated the revenue impact.\n2. Impairment losses: The Group expects to book HK$7.40 million in impairment losses on financial assets, reversing a HK$0.40 million impairment reversal recognised in FY2024. The write-down stems from a decrease in the fair value of these assets during the period.\nTo revive its restaurant operations, Scorching Dragon opened a new Chinese dining venue—“旺角(龍皇)海鮮菜館 (Mong Kok (Dragon King) Seafood Restaurant)”—in January 2026, offering Cantonese cuisine and seafood dishes.\nThe FY2025 results remain subject to audit and may change. The company’s shares have been suspended from trading since 20 October 2025 pending fulfilment of resumption requirements. Scorching Dragon plans to release its full FY2025 results in late March 2026.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132051011","isCrawlerRequest":true}