Yide Investment Holdings Limited (06182.HK) issues profit warning, expecting annual performance to turn from profit to a loss of approximately 23 to 27 million Hong Kong dollars year-on-year.

Smart Financial News APP, Yide Investment Holdings (06182.HK) announced that the group is expected to incur a comprehensive net loss of approximately HK$23-27 million for the year ending March 31, 2026, compared to a comprehensive net profit of approximately HK$1.3 million for the same period in 2025. The Board of Directors believes that the main reasons for the expected change from a net profit to a net loss include (i) a decrease in the amount of contracts awarded, resulting in a decrease in the group's revenue for the current year; (ii) additional costs incurred as several supply and installation projects enter the completion stage; and (iii) a decline in the market value of industrial buildings leading to property impairment.