CHINA HONGBAO (08316) announced that the group is expected to record a net loss of no less than approximately HK$14.4 million for the six months ending September 30, 2025, compared to a net loss of approximately HK$4.4 million for the same period in 2024. The board attributed the increased net loss primarily to: (i) a rise in service costs by approximately HK$15.3 million due to higher revenue during the reporting period; (ii) an increase in administrative expenses by about HK$1.7 million, driven by higher digital marketing costs, partially offset by reduced administrative personnel expenses; and (iii) an increase in impairment losses on financial assets of approximately HK$6 million. These were partially offset by a revenue increase of about HK$13.5 million, mainly due to a HK$37.3 million rise in revenue from the internet services segment, which was partly counterbalanced by a HK$23.8 million decline in revenue from the basic and other construction engineering segment.