XINKONG INT CAP (00993) expects its net loss for the financial year ended 31 December 2025 to expand by approximately 210% compared with 2024, according to a profit warning released on 20 March 2026.
The board attributes the sharp deterioration to three factors: 1. A decrease in revenue; 2. A decline in the fair value of financial assets classified as fair value through profit or loss; 3. A significant impairment provision on a loan.
Management emphasised that the fair-value remeasurement and the loan impairment are non-cash items, so they are not expected to have a material adverse impact on operating cash flow or day-to-day operations.
The figures are based on unaudited consolidated management accounts. Audited results are scheduled for release by the end of March 2026. The company cautioned that subsequent movements in the fair value of collateral or other financial assets could materially affect future performance and urged shareholders to exercise caution when dealing in the shares.