C CHENG HLDGS (01486) announced its annual results for the fiscal year ended December 31, 2025. The group recorded revenue of HK$365 million, representing a decrease of 9.16% compared to the previous year. However, profit attributable to the company's owners was HK$26.427 million, a significant turnaround from a loss of HK$14.851 million in the prior year. Earnings per share were HK6.56 cents.
The announcement stated that the annual profit for 2025 was HK$27.131 million, a substantial increase of approximately 288.2% from the annual loss of HK$14.419 million recorded in 2024. The increase in profit was primarily due to the recognition of a right-of-use asset amounting to HK$53.922 million (after depreciation). This was partially offset by impairment losses of HK$29.111 million recognized on trade receivables and contract assets.