Ying Hai Group Holdings reported a net loss attributable to owners of HK$15.25 million for the six months ended 30 June 2026, compared with a HK$1.01 million loss in the prior-year period. Basic and diluted loss per share widened to HK1.27 cents from HK0.08 cents.

Revenue slipped 2.8% year on year to HK$50.04 million. Segment performance showed:

• Travel business: revenue fell to HK$33.68 million (-15.7%), turning a HK$1.68 million profit in 1H 2025 into a HK$1.21 million loss. • Vehicle business: revenue declined 49.9% to HK$4.60 million, with segment profit dropping to HK$0.93 million (1H 2025: HK$5.07 million). • Show & event business: revenue surged to HK$11.76 million from HK$2.36 million, though the unit recorded a HK$2.79 million loss (1H 2025: HK$0.30 million profit).

Total cost of sales jumped 19.5% to HK$53.11 million, producing a gross loss of HK$3.07 million versus a HK$7.04 million gross profit a year earlier. Administrative expenses rose 24.3% to HK$11.94 million, driven by higher tax, travel, office and selling costs.

Liquidity headwinds persisted. Net current liabilities stood at HK$12.00 million, reversing from HK$2.35 million of net current assets at end-2025, while the Group moved to a net liabilities position of HK$4.77 million (31 Dec 2025: net assets of HK$10.45 million). Cash and cash equivalents were HK$5.17 million; together with HK$2.27 million of restricted deposits, total bank balances were HK$7.44 million. Borrowings totalled HK$1.40 million and lease liabilities HK$0.69 million.

Chairman and CEO Mr. Choi Wai Chan has undertaken to extend financial support, including a HK$25.00 million loan facility at 5.0% interest with a two-year tenor, and will not demand repayment of his HK$9.45 million director loan within the next 12 months. No interim dividend was declared.

Management cited rising costs in show and event operations and lower per-capita tourist spending in Macau as key pressures. The Group plans to expand cooperation with additional hotel operators, pursue tourism opportunities in Mainland China, and continue diversifying into shows and events to stabilise revenue.