Crown Worldwide Group (00727.HK) issued a profit warning, expecting a comprehensive loss attributable to shareholders of not less than HK$70 million for the year, a year-on-year switch from profit to loss.

Intelligence Finance and Economics APP News, Emperor Crown Global Group (00727.HK) announced that the group will have a comprehensive loss attributable to shareholders of not less than 70 million Hong Kong dollars for the year ended March 31, 2026, while for the year ended March 31, 2025, a comprehensive surplus attributable to shareholders of approximately 16 million Hong Kong dollars was obtained. The significant comprehensive loss attributable to shareholders during this reporting period is mainly due to an increase of 110 million Hong Kong dollars and 380 million Hong Kong dollars in impairment losses on properties, factories and equipment and properties under development for sale, respectively, an increase of 9.5 million Hong Kong dollars in impairment losses on trade receivables and other receivables, and an increase in depreciation on properties, factories, and equipment from 1.4 million Hong Kong dollars in the previous reporting period to 21.4 million Hong Kong dollars in this reporting period.