Hanfort Development Holdings Limited Issues Profit Warning: Significant Loss Expected for FY2025

Hanfort Development Holdings Limited (formerly known as Sino Golf Holdings Limited, Stock Code: 00361) has released a profit warning that is highly relevant for shareholders and potential investors. The announcement, made on 11 March 2026, indicates that the company is expecting a substantial increase in losses for the financial year ended 31 December 2025.

Key Points from the Profit Warning:

• Expected Loss for FY2025: The Group anticipates recording a loss attributable to owners of the Company in the range of HK\$24 million to HK\$26 million.
• Comparison to Previous Year: This expected loss is a significant deterioration compared to the loss of approximately HK\$2.4 million for the year ended 31 December 2024.
• Principal Reasons for the Increased Loss:
  • Significant reduction in recognised revenue: Hanfort attributes the downturn to a sharp decline in the consumption market.
  • Higher tariffs imposed by the United States: The US has increased tariffs on golf products exported from China, directly impacting the company’s core business.
  • Pressure on Operating Margins: The above factors have led to considerable pressure on the Group’s operating margins, further exacerbating the loss.
• Status of Results: The financial results are based on a preliminary review of the unaudited consolidated management accounts. The figures have not yet been audited, reviewed by the independent auditors, or approved by the audit committee.
• Timing of Final Results Announcement: The annual results announcement is expected to be published on or before 31 March 2026.

Important Considerations for Shareholders and Investors:

• Price Sensitivity: This profit warning is likely to be price-sensitive and could have a material impact on the share price of Hanfort Development Holdings Limited.
• Caution Advised: The Board explicitly advises shareholders and potential investors to exercise caution when dealing in the shares or other securities of the Company pending the release of final audited results.
• Uncertainty: Since the financials are not yet finalised, the actual results may differ from those stated in this announcement.

Board Composition:

• Executive Director: Mr. Liu Jincheng (Chairman)
• Non-Executive Director: Mr. Sun Xiongfei
• Independent Non-Executive Directors: Mr. Choi Sum Shing Samson, Ms. Jiang Haiyan, Mr. Wu Weifeng

Conclusion

The profit warning signals a challenging period ahead for Hanfort Development Holdings Limited, driven by external market factors such as US tariffs and a weakened consumption market for golf products. The anticipated eight- to ten-fold increase in losses will likely weigh heavily on investor sentiment and may result in volatility in the company’s share price. Investors are urged to stay updated with the forthcoming annual results and act cautiously.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should consult their own financial advisors and carefully review the company’s official filings and announcements before making any investment decisions.

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