Wai Hung Group Holdings Limited Issues Significant Profit Warning for FY2025

Wai Hung Group Holdings Limited (“the Company”, Stock Code: 3321) has issued a profit warning regarding its financial performance for the twelve months ended 31 December 2025. This announcement is released in accordance with Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance.

Key Highlights of the Report

• Expected Net Loss: The Group expects to record a net loss of approximately MOP 72.6 million for the year ended 31 December 2025. This marks a significant increase compared to the net loss of approximately MOP 48.9 million reported for the year ended 31 December 2024.
• Main Reason for the Increased Loss: The primary driver for the larger loss is the absence of reversal of impairment losses during the current reporting period. In the previous period, the Group benefited from reversals of impairment losses on trade receivables, other receivables, deposits, and prepayments, which totaled approximately MOP 36.6 million. This positive impact did not recur in the current reporting period, leading to the increased net loss.
• Nature of Financials: The figures presented are based on a preliminary assessment of the Group’s unaudited consolidated management accounts. These numbers have not yet been audited or reviewed by the Company’s independent auditors or audit committee, and may be subject to further adjustments.

Important Information for Shareholders and Potential Investors

• Share Price Sensitivity: The significant increase in net loss is likely to be price sensitive and could impact investor sentiment and the market valuation of Wai Hung Group Holdings Limited.
• Lack of One-Off Gains: The absence of one-off gains from the reversal of impairment losses, which benefitted the previous year’s results, underscores a key difference that investors should consider when comparing year-on-year performance.
• Pending Official Results: Investors are advised that the information is preliminary and unaudited. The final results, when published, may differ. Shareholders and potential investors should read the Group’s interim results announcement for the reporting period once it is officially released.

Board Composition Update

The board of directors as of the date of the announcement includes:

• Mr. Li Kam Hung, Mr. Yu Ming Ho, Mr. Yau Yik Ming Leao, Ms. Chen Jianyu, Mr. Song Yanyang, Mr. Kwan Hung Chun Curtus – Executive Directors
• Mr. Li Chun Ho – Non-executive Director and Chairman
• Mr. Tam Tsz Hin, Mr. Yu Kwan Tseung, Alvin, Mr. Yuan Fangjun, Mr. Zhou Zhengcheng – Independent Non-executive Directors

Next Steps

Shareholders and potential investors are strongly urged to exercise caution in their dealings with the shares of Wai Hung Group Holdings Limited, especially in light of the anticipated increase in net loss and its potential implications for the Company’s valuation. They are also advised to carefully review the official interim results announcement for the Reporting Period when it is published.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The financial figures discussed are based on unaudited management accounts and may be adjusted upon further review. Investors should refer to the official results announcement and consult financial professionals before making investment decisions.

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