Latest data from the Hong Kong Stock Exchange reveals that on November 19, a shareholder of POLYFAIR HLDGS (08532) deposited shares with Zheshang International Financial, with a holding value of HK$1.84 million, representing 9.43% of the total.

The company’s annual results for the fiscal year ending March 31, 2025, showed revenue of HK$238 million, a 44.4% year-on-year decline. It reported a net loss of HK$133 million, compared to a profit of HK$1.237 million in the previous year. Basic loss per share stood at HK$0.1616.

The decline in revenue was primarily attributed to the substantial completion of projects in the prior year. During 2025, the company focused on four ongoing projects and handled post-construction work for several recently completed projects, down from seven projects in 2024. However, the revenue recognized from these post-construction activities was relatively small compared to the overall project value, leading to a significant reduction in recognized revenue.