Hon Kwok Land Investment Company, Limited has issued a profit warning based on a preliminary assessment of its unaudited consolidated management accounts for the year ended 31 March 2025. The company anticipates net fair value losses ranging from approximately HK$690 million to HK$710 million due to the revaluation of its investment properties. This loss stems from a further downward adjustment in the property markets of Hong Kong and Mainland China. Despite these losses, which are non-cash in nature and do not impact the company's cash flow or overall financial position, Hon Kwok Land maintains that its operations, financial standing, and cash flow condition remain healthy. The gearing ratio has only slightly increased from 46% to 49%, which the company considers acceptable. The final consolidated annual results are expected to be published in late June 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.