Anxian Yuan China Holdings Issues Profit Warning: Major One-Off Tax Expense Triggers Turnaround from Profit to Loss
Key Points:
- Anxian Yuan China Holdings Limited (Stock Code: 00922) has announced a significant profit warning, triggered by a recent tax assessment from the Hangzhou Tax Inspection Bureau.
- Zhejiang Anxian Yuan Company Limited, a wholly-owned subsidiary, is required to conduct a self-investigation for potential tax understatements covering the period from 1 January 2023 to 31 December 2025.
- The subsidiary is mandated to settle an additional tax liability estimated at HK\$89 million by 15 June 2026.
- This tax expense arises from a divergence in interpretation between the company and the tax bureau regarding certain tax exemptions related to the cemetery business.
- The payment will be funded from internal resources and/or available bank borrowings, and is regarded as a one-off, non-recurring event.
Financial Impact & Shareholder Concerns:
- The tax expense will be recognized in the company’s financial results for the year ended 31 March 2026.
- The company is also settling prior VAT liabilities totaling HK\$13 million, relating to the period from 1 June 2020 to 31 March 2025.
- Gross profit declined by approximately HK\$47 million, primarily due to a 20% drop in the average unit selling price of tombs.
- Impairment losses on goodwill and non-financial assets reached HK\$16 million for the year.
- Collectively, these factors result in a turnaround from a net profit of HK\$52.3 million for the year ended 31 March 2025 to a projected net loss between HK\$113 million and HK\$120 million for the year ended 31 March 2026.
- This represents a year-on-year decrease of HK\$165 million to HK\$172 million.
Shareholder Guidance:
- The company emphasizes that the tax expense is one-off and non-recurring, and does not expect a material adverse effect on ongoing operations or financial position.
- Annual results are still being finalized and may be subject to adjustments after audit.
- Shareholders and potential investors are strongly advised to exercise caution when dealing in company shares.
- The final annual results announcement is expected by the end of June 2026.
Board and Management:
- The Board consists of three executive directors and three independent non-executive directors.
- Chairman Shi Hua signed the announcement in Hong Kong on 5 June 2026.
Disclaimer: This article is based on information provided in the company’s announcement and unaudited management accounts. Actual results may differ after completion of audit. Investors should consult the official annual results and exercise independent judgment before making investment decisions. This is not investment advice.
安賢園中國控股發出盈利警告：一筆重大稅款開支導致盈利轉虧
重點：
- 安賢園中國控股有限公司（股份代號：00922）發出重大盈利警告，主要因杭州稅務稽查局近期稅務審查。
- 旗下全資子公司浙江安賢陵園有限公司需對2023年1月1日至2025年12月31日期間可能的稅務漏報進行自查。
- 子公司需於2026年6月15日前繳納估算約港幣8,900萬元的額外稅款。
- 該稅款產生原因為公司與稅局對陵園業務相關稅務豁免的理解分歧。
- 公司將以內部資源及銀行借款支付，並視為一次性、非經常性開支。
財務影響及股東須知：
- 稅款將於截至2026年3月31日的年度財務報表中入帳。
- 公司亦需支付2020年6月1日至2025年3月31日期間的增值稅合共港幣1,300萬元。
- 年度毛利下降約港幣4,700萬元，主要因墓地平均售價下跌約20%。
- 本年度確認商譽及非金融資產減值損失約港幣1,600萬元。
- 綜合上述因素，預計由2025年度淨盈利港幣5,230萬元，轉為2026年度淨虧損介乎港幣1.13億元至1.2億元。
- 同比下降約港幣1.65億元至1.72億元。
股東提示：
- 公司強調稅款為一次性，對長遠營運及財務狀況影響有限。
- 年度業績仍在整理，最終數字或經審計後調整。
- 建議股東及潛在投資者於買賣公司股份時保持審慎。
- 最終年度業績公告預計於2026年6月底發佈。
董事會及管理：
- 董事會由三名執行董事及三名獨立非執行董事組成。
- 公告由主席施華於2026年6月5日於香港簽署。
免責聲明： 本文內容根據公司公告及未經審計的管理賬目撰寫，最終業績或有差異。投資者應參考官方年度業績公告並作獨立判斷，本文不構成投資建議。
