CHU KONG SHIP (00560) Issues Profit Warning, Forecasts Annual Unaudited Profit Attributable to Shareholders Between HK$41 Million and HK$55 Million

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Yesterday

CHU KONG SHIP (00560) announced that the group expects its unaudited consolidated profit attributable to shareholders for the year ending December 31, 2025, to be approximately HK$41 million to HK$55 million. This represents a decrease of approximately 53% to 65% compared to the profit attributable to shareholders of about HK$117 million for the same period last year. The expected decrease in unaudited profit for the period is primarily due to international trade friction, including tariff disputes between the United States and China, which led to a decline in the group's cargo transportation and handling volumes. Furthermore, the official opening of the Shenzhen-Zhongshan Link on June 30, 2024, has also negatively impacted the performance of the group's cross-border water passenger transport-related businesses. Despite these circumstances, the group maintains a robust cash flow and financial position to meet its operational and development needs.

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