Smart Fish Wealthlink Holdings Limited Issues Significant Profit Warning for FY2025

Smart Fish Wealthlink Holdings Limited (formerly known as Central Wealth Group Holdings Limited, Stock Code: 139), a Bermuda-incorporated company listed on the Hong Kong Stock Exchange, has issued a profit warning for the financial year ended 31 December 2025.

Key Highlights from the Announcement

• Expected Loss Before Tax Substantially Higher: The Group anticipates recording a loss before tax of not less than approximately HK\$190 million for FY2025. This is a significant deterioration compared to the loss before tax of approximately HK\$83 million reported for the year ended 31 December 2024.
• Major Loss Driver – Disposal of Investment: The main contributor to this increased loss is a realized loss of approximately HK\$235 million arising from the disposal of the Group’s equity investment in GIBO Holdings Limited.
• Preliminary and Unaudited Figures: The figures are based on management’s preliminary assessment of unaudited management accounts and information currently available. These results have not yet been audited or reviewed by the Company’s auditors or audit committee and may be subject to adjustments.
• Timing of Full Results Disclosure: The full annual results announcement, with detailed financial information and performance for FY2025, is expected to be published by the end of March 2026.

Key Matters for Shareholders and Investors

• Significant Deterioration in Financial Performance: The projected loss for FY2025 is more than double the loss reported for FY2024, raising concerns about the company’s financial stability and future profitability.
• Implications of the GIBO Holdings Disposal: The disposal has resulted in a substantial realized loss, which will have a material impact on the Group’s overall financial position and could affect investor confidence.
• Potential Share Price Impact: Given the scale of the expected loss and the underlying reasons, this announcement is highly price-sensitive and may lead to volatility or negative movement in the Company’s share price.
• Caution Advised: Shareholders and potential investors are strongly advised to exercise caution when dealing in the securities of the Company, pending further disclosures in the forthcoming annual results.

Board Composition

As of the date of the announcement, the Board of Directors comprises:

• Executive Directors: Mr. Chen Changjiong (Chairman), Mr. Chen Xiaodong (Vice Chairman), Mr. Yu Qingrui, Mr. Wang Jinsong, Mr. Pang Min Quan, Dr. Foo Seck Chyn
• Independent Non-Executive Directors: Mr. Chan Ngai Fan, Mr. Wu Ming, Ms. Li Meifeng

Conclusion

The profit warning issued by Smart Fish Wealthlink Holdings Limited underscores a period of financial difficulty, primarily driven by a significant loss on the disposal of a major investment. Shareholders should stay alert for the detailed annual results in March 2026 and closely monitor further announcements from the Company.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult professional advisers and consider their own circumstances before making any investment decisions. The Company’s financial results are subject to final audit and may differ from preliminary estimates.

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