Fujian Holdings reported a net loss attributable to shareholders of HK$15.12 million for the year ended 31 December 2025, an improvement from the HK$33.11 million loss recorded in 2024. Basic and diluted loss per share both stood at 1.32 HK cents (2024: 2.89 HK cents).

Revenue declined 20.35% year-on-year to HK$19.14 million, mainly due to a 25.47% drop in turnover from the star-rated hotel segment to HK$14.95 million. Property investment income edged up 5.64% to HK$4.19 million but was offset by an HK$11.53 million fair-value loss on investment properties.

Segment performance • Property investment posted a segment loss of HK$7.59 million (2024: HK$15.51 million) after the revaluation deficit. • Hotel operations widened their segment loss to HK$9.96 million (2024: HK$9.23 million) amid a fall in average occupancy to 31% and a lower ADR of RMB316. • The 18.44% stake in Fujian Huamin Leasing generated a HK$11.57 million fair-value gain, while the 25% interest in Fuzhou Harmony Piano contributed a HK$2.45 million share of loss (2024: HK$11.15 million loss).

Cost structure Employee benefits rose 17.42% to HK$14.04 million. Total depreciation charges fell 9.49% to HK$5.21 million, and finance costs dropped to HK$0.05 million (2024: HK$0.08 million).

Balance sheet and liquidity • Cash and bank balances: HK$23.91 million (2024: HK$31.57 million). • Net asset value: HK$330.70 million (2024: HK$345.42 million). • Current ratio: 3.33 (2024: 3.75). • Gearing ratio: 2.31% (2024: 2.60%). • Investment properties were revalued at HK$196.37 million (2024: HK$207.90 million). • No bank loans or asset pledges were outstanding.

Capital commitments, borrowings and dividends The group reported no capital commitments, borrowings or asset charges as at 31 December 2025. The board does not recommend a final dividend (2024: nil).

Outlook and strategy Management plans to wind down operations at Xiamen Plaza Hotel upon licence expiry on 31 December 2025 and shift focus to managing the newly opened coastal resort Zhangzhou Fulaixi Hotel. The group will continue to pursue cost control, explore additional hotel management opportunities and leverage its investment in Fujian Huamin Leasing to diversify income streams.