China Tangshang Holdings Limited has alerted investors to a deeper full-year loss, projecting a deficit of approximately HK$100.00 million to HK$110.00 million for the financial year ended 31 March 2026. The anticipated loss widens from the HK$72.00 million shortfall recorded in FY2025.
Management attributes the deterioration to three factors:
1. Continued weakness in Mainland China’s property development and sub-leasing investment markets, which suppressed revenue and compressed gross profit margins on ongoing property projects.
2. Provisions for impairment losses on certain property-related assets.
3. Compensation expenses linked to an early lease termination with a sub-lessee in the sub-leasing investment segment.
The board emphasised that the figures are derived from unaudited management accounts and other currently available information. Audited annual results are scheduled for release by end-June 2026.
Shareholders and prospective investors are urged to exercise caution when trading the company’s shares in light of the expected loss.