ZHONG HUA INT'L (01064) announced that the group expects to achieve a net profit of approximately HK$40 million (provisional figure) for the six months ending June 30, 2025, compared to a net loss of approximately HK$31 million (unaudited figure) for the six months ending June 30, 2024. The turnaround from loss to profit was mainly attributable to a fair value gain of approximately HK$40 million (provisional figure) on equity interests in an entity during the period (previous period: loss of approximately HK$28 million (unaudited figure)), based on preliminary valuations by independent professional property valuers during the period. This was primarily due to the appreciation of RMB during the retranslation process in the current period. The fair value gain represents a non-cash transaction and is recognized as unrealized gain in the group's consolidated income statement.