Fujian Holdings (00181) reported interim revenue of HK$14.75 million for the six months ended 30 June 2026, a 48.02% increase year-on-year. Growth was driven mainly by the coastal resort hotel “Zhangzhou Fulaixi,” whose turnover rose 61.22% to HK$12.64 million and accounted for 86% of group revenue.

Net profit attributable to shareholders fell 37.38% to HK$11.69 million. The decline was chiefly due to a smaller fair-value gain on the group’s 18.44% stake in Fujian Huamin Leasing, which contributed HK$6.53 million versus HK$24.16 million a year earlier. Earnings per share slipped to 1.02 HK cent from 1.63 HK cents.

Hotel operating metrics improved: average daily rate climbed 46.85% to RMB489, while occupancy rose to 38% from 28%. Accommodation revenue more than doubled to HK$9.10 million, representing 72% of hotel turnover; catering and other services added HK$3.15 million.

Hong Kong investment properties generated stable rental income of HK$2.11 million, broadly flat year-on-year, with 100% occupancy maintained. The group recorded no share of loss from its 25% stake in Harmony Piano; this compares with a HK$1.51 million loss in the prior period.

Operating expenses increased alongside business volume. Staff costs rose to HK$8.31 million, and depreciation and right-of-use charges totalled HK$1.35 million.

Cash and bank balances stood at HK$28.88 million at 30 June 2026, up from HK$23.91 million at year-end. Current assets covered current liabilities 2.36 times, while the gearing ratio (current liabilities to equity) remained low at 4.5%.

The board declared no interim dividend, consistent with the prior-year practice.

Looking ahead, management expects continued recovery in mainland leisure and domestic travel demand and plans to expand its cultural-tourism and finance-leasing activities while maintaining a conservative balance-sheet position.