Qinghua Holdings (08082) is forecasting a net loss of HK$14 million to HK$20 million in the first half of the year

According to the Zhitong Finance App, Qinghua Holdings (08082) announced that compared with a net loss of approximately HK$29.19 million for the six months ended June 30, 2025, the Group is expected to achieve a net loss of between HK$14 million and HK$20 million for the six months ending June 30, 2026. The estimated decrease in loss after tax for the period is mainly due to the following reasons: (i) The media and entertainment business achieved revenue of approximately HK$14.9 million during the period (corresponding period: HK$71.6 million), a decrease of approximately 79.2%, and gross loss of approximately HK$4.4 million during the period (corresponding period: gross profit of HK$700,000). The gross loss was mainly due to poor performance in the concert market invested or hosted by the Group, and some concerts were cancelled due to bad weather, but some production costs were already incurred; (ii) confirmed one-time revenue of about HK$4.1 million from the sale of a subsidiary during the period; (iii) to cope with weak market conditions, the Group actively implemented cost control measures to cope with revenue pressure, which led to a significant reduction of HK$10.8 million in administrative expenses, from HK$26.2 million during the corresponding period to HK$15.4 million during the current period.