Champion Technology Group (00092) expects the annual comprehensive net loss attributable to shareholders (excluding other comprehensive income and expenses) of approximately HK$52 million to HK$58 million

According to the Zhitong Finance App, Champion Technology Group (00092) announced that the Group expects to obtain a comprehensive net loss due from shareholders of approximately HK$52 million to HK$58 million for the full year ending June 30, 2026, and a shareholder loss of approximately HK$44 million (not including other comprehensive income and expenses) for the full year ending June 30, 2025.

The total loss due to shareholders for the year ended June 30, 2026 was mainly due to the following reasons: (i) the Group's smart city solution operating performance declined significantly, mainly due to difficulties in purchasing key components (such as chips and GPUs) due to geopolitical sanctions and a significant increase in anticipated credit loss provisions in accounts receivable due to worsening triangular debt issues; (ii) the Group's renewable energy operating performance and reduced investment in solar photovoltaic systems in Hong Kong, due to the fact that the feed-in tariff (FiT) plan will expire in 2033; (iii) in the Group After investing a large amount of capital, the commercial production of Chuangzhirong water energy generators was unexpectedly delayed.