GD-HKGBA HLDGS (01396) has announced that the group is expected to achieve: (i) a profit of no less than RMB 30 million for the 2025 fiscal year, compared to a loss of approximately RMB 2.0413 billion in 2024; and (ii) a net profit attributable to equity shareholders of no less than RMB 40 million for the 2025 fiscal year, compared to a loss attributable to equity shareholders of approximately RMB 1.8346 billion in 2024. The board of directors attributes the aforementioned improvement in the 2025 fiscal year performance primarily to the following factors: (i) the company issued mandatory convertible bonds in the first half of the 2025 fiscal year to redeem its U.S. dollar-denominated senior notes due 2029 (ISIN: XS2609459123, Common Code: 260945912), generating income from debt restructuring; (ii) the artificial intelligence business acquired by the group in October 2025 achieved a net profit from the acquisition date to December 31, 2025, driven by a surge in demand for AI computing power; (iii) the group's infrastructure business made impairment provisions for its investment properties, inventory, and financial assets during the second half of the 2025 fiscal year.