Chi Ho Development Holdings Limited (Stock code: 8423) issued a profit warning for the six months ended 30 September 2025. According to the preliminary review of the unaudited consolidated management accounts, the company expects a consolidated net loss ranging between HK$20 million and HK$21 million, in contrast to the net profit of approximately HK$9.0 million recorded in the same period of 2024.

The announcement attributes this expected loss primarily to an allowance of around HK$14 million recognized under the expected credit loss model on a loan to a joint venture, an allowance of around HK$2 million recognized under the expected credit loss model on trade receivables and contract assets, and a decrease in gross profit driven by lower revenue from mixed projects as well as alteration, additional, and fitting-out works.

The interim results of Chi Ho Development Holdings Limited for the period are slated for release on or around 27 November 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.