New Bright Prosperity Financing (08439.HK) announces profit growth, with an expected annual net profit of approximately HK$2 million after tax, transforming from a loss to a profit on a year-on-year basis.

The Zhitong Financial APP reported that Shineway Financial (08439.HK) announced that the group is expected to record a post-tax surplus of approximately HK$2 million for the year ending March 31, 2026 (2025: a post-tax loss of approximately HK$13.8 million), achieving a return to profitability. The return to profitability is mainly due to (i) the wide rebound in the stock market leading to a significant increase in corporate financing activities and thereby increasing revenue by approximately HK$4.6 million; (ii) a net reduction of approximately HK$9.2 million in employee welfare costs due to successful implementation of organizational streamlining measures; (iii) a decrease of approximately HK$1.1 million in impairment losses on trade receivables and intangible assets; and (iv) overall cost savings resulting from depreciation of right-of-use assets and other operating expenses.