Sinofortune signals sharp narrowing of FY2025 loss on impairment reversal and HK$14.30 million disposal gain

Bulletin Express
03/23

Sinofortune Financial Holdings Limited has issued a profit-warning update indicating that its consolidated net loss for the year ended 31 December 2025 (FY2025) is expected to contract to no more than HK$14.80 million, a marked improvement versus the HK$99.00 million deficit reported for FY2024—an 84.9% year-on-year reduction.

Management attributes the turnaround to two primary factors: 1. Reversal of impairment on advance payments for trading motor vehicles amounting to HK$18.80 million, compared with a HK$75.80 million impairment charge in FY2024. 2. A one-off gain of HK$14.30 million from the disposal of a subsidiary, versus no comparable gain in the prior year.

These positives were partly offset by a newly recognised impairment loss of HK$25.20 million on other receivables in FY2025, absent in the previous period.

The figures are based on unaudited management accounts and may be revised pending finalisation of the FY2025 financial statements, which are scheduled for release before end-March 2026. Investors are advised to exercise caution when dealing in Sinofortune’s securities until audited results are published.

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