Chinlink International Holdings Limited (“Chinlink”) reported its unaudited interim results for the six months ended 30 September 2025. Revenue stood at HK$35.7 million, representing a 19.6% decline compared to HK$44.4 million in the same period last year. The Group recorded a net loss of HK$120.6 million, compared to HK$230.6 million in the previous period.

Revenue was mainly generated by two segments. Property investment contributed HK$34.9 million (down from HK$42.3 million), and financial guarantee services and other financial services produced HK$0.9 million (down from HK$2.2 million). The decrease in property investment income reflected a lower average occupancy rate and reduced rental income, while financial services were affected by cautious credit market sentiment.

Gross profit for the reporting period was HK$23.5 million, compared to HK$29.5 million previously. Gross profit margin moved slightly from 66.4% to 65.7%. A key factor influencing the results was a HK$53.0 million loss on fair value changes of investment properties, notably lower than the HK$141.0 million recorded last year. Finance costs fell to HK$58.3 million from HK$81.5 million amid the Group’s refinancing and restructuring efforts.

As of 30 September 2025, Chinlink reported net current liabilities of HK$1,622.8 million, versus HK$573.2 million at 31 March 2025. Bank balances and cash plus pledged bank deposits stood at HK$26.6 million. Certain borrowings and 6.5% coupon bonds fell into default status during the period, leading to ongoing negotiations with lenders and bondholders regarding repayment schedules and restructuring.

No interim dividend was declared for the six months ended 30 September 2025. According to management’s discussion, the Group remains focused on accelerating construction progress and property pre-sales, pursuing cost control measures, and renegotiating borrowings and bond terms while continuing to seek additional sources of funding. Further updates will be provided as developments progress.