Qing Hua Holding forecasts narrower interim loss of HK$14–20 million amid revenue slump and cost controls

Bulletin Express
08/14

Qing Hua Holding Group Company Limited expects to report a net loss between HK$14.00 million and HK$20.00 million for the six months ended 30 June 2026, versus a HK$29.19 million loss in the comparable 2025 period.

The projected improvement is driven by three main factors:

1. Media and entertainment revenue fell 79.20% year-on-year to HK$14.90 million, turning a HK$0.70 million gross profit into a HK$4.40 million gross loss. Management attributes the reversal to weak concert attendance and cancellations caused by adverse weather, with certain production costs already incurred.

2. A one-off gain of approximately HK$4.10 million was recognised from the disposal of a subsidiary.

3. Ongoing cost-containment measures cut administrative expenses by HK$10.80 million to HK$15.40 million.

The unaudited results are still under review; final figures will be released on 28 August 2026. The company advises investors to exercise caution when dealing in its shares.

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