GD-HKGBA Holdings (01396) announces its projected shareholder's profit for the year 2025 is estimated to be not less than 40 million RMB.

GD-HKGBA HLDGS (01396) announced that the group is expected to achieve the following in the 2025 fiscal year: (i) a profit of not less than RMB 30 million, compared to a loss of approximately RMB 2.0413 billion in 2024; and (ii) a profit attributable to equity shareholders of not less than RMB 40 million, compared to a loss attributable to equity shareholders of approximately RMB 1.8346 billion in 2024. The board believes that the above changes in the 2025 fiscal year performance are mainly attributed to the following factors: (i) the company issued mandatory convertible bonds in the first half of the 2025 fiscal year to redeem the USD denominated senior notes due in 2029 (ISIN: XS2609459123, common code: 260945912), resulting in debt restructuring income; (ii) the artificial intelligence business acquired by the group in October 2025 achieved net profit from the acquisition date to December 31, 2025, driven by the surge in AI computing power demand; and (iii) the group's infrastructure business made impairment provisions for investment properties, inventory, and financial assets in the second half of the 2025 fiscal year.