Guancheng Watch & Jewellery (00256) made a profit. It is expected that the profit attributable to shareholders in the first half of the year will not be less than HK$40 million, turning a year-on-year loss into a profit

According to Zhitong Finance App, Guancheng Watch & Jewellery (00256) issued an announcement. It is expected that the Group will obtain a profit of not less than HK$40 million in the six months ending June 30, 2026, while the Group will obtain a loss attributable to the owner of the Company of about HK$42,045 million in the six months ending June 30, 2025.

The Board of Directors believes that the main reasons for the significant improvement in the Group's profit are as follows: an increase in operating efficiency in the watch, timepiece products and watch accessories business, and a significant reduction in operating expenses; an increase in profits contributed by the banking and financial business; and one-time income from completing the sale of 50% of Rotary Watch & Jewellery Limited's shares in May 2026.