Liu Chong Hing Enterprise (00194) announced interim results with loss attributable to shareholders of HK$269 million year-on-year profit to loss

According to the Zhitong Finance App, Liu Chong Hing Enterprise (00194) announced interim results for the six months ended June 30, 2026, with revenue of HK$442 million, a year-on-year decrease of 19.92%; loss attributable to shareholders of HK$269 million, profit of HK$16.6 million for the same period last year; and a basic loss of HK$0.71 per share. An interim cash dividend of HK$0.11 per share is proposed.

The changes are mainly due to losses in the fair value of investment properties, which are unrealized and non-cash, as well as China's land value-added tax assessed by the Chinese tax authorities on residential projects in Foshan. This tax is a one-time payment for sold residential units and is not expected to be accrued again for such units. Management will continue to carefully control costs, closely monitor market conditions, and review the Group's asset portfolio and business strategies to maintain long-term value.