Chu Kong Shipping Enterprises (Group) Company Limited has issued a profit warning, indicating a significant decrease in their unaudited consolidated profit for the six months ending June 30, 2025. The company anticipates a profit of approximately HK$20 million to HK$30 million, marking a decline of 55% to 70% compared to the HK$67.115 million profit recorded in the same period last year. This downturn is attributed primarily to global trade frictions, notably the renewed tariff disputes between the United States and China, which have impacted the Group's cargo transportation and handling volumes. Additionally, the opening of the Shenzhen-Zhongshan Link on June 30, 2024, has adversely affected their cross-border waterway passenger transportation services. Despite these challenges, the company maintains a healthy cash flow and financial position to support its business operations. The detailed performance will be disclosed in the interim results announcement expected by the end of August 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
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