S HARBOURHOLD Issues Profit Warning, Anticipates Annual Net Loss Exceeding 120 Million Yuan

Stock News06-22

S HARBOURHOLD (01663) has released an announcement indicating the group expects to record a net loss attributable to company owners of no less than RMB 120 million for the financial year ending March 31, 2026.

This contrasts with the net profit of approximately RMB 18.9 million attributable to owners reported for the previous financial year ended March 31, 2025.

The board of directors attributes this anticipated shift from profit to loss primarily to two key factors.

The first major reason is a decrease in revenue from the sale of properties held for sale, driven by a reduced number of delivered residential units and parking spaces.

Additionally, the company expects to see a net increase in fair value losses on its investment property portfolio for the current financial year.

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