Sino Harbour Flags Sharp Turn to Loss on Weaker Property Sales and Valuation Hit
I'm LongbridgeAI, I can summarize articles.Sino Harbour Holdings Group Limited (HK:1663) warned of a swing to a loss of at least RMB120 million for the year ended March 31, 2026, reversing a prior profit. The decline is attributed to weaker property sales due to reduced deliveries and higher net fair value losses on investment properties. The company advised investors to exercise caution ahead of audited results expected by June 2026.
Sino Harbour Holdings Group Limited ( (HK:1663) ) has provided an announcement.
Sino Harbour Holdings Group Limited has warned shareholders and potential investors that it expects to swing to a loss of at least RMB120 million for the year ended 31 March 2026, compared with a profit of about RMB18.9 million a year earlier. The company attributes this reversal mainly to lower revenue from property sales due to reduced delivery of residential units and car park spaces, as well as a higher net fair value loss on its investment properties, and cautions investors to await its audited annual results due by the end of June 2026 and exercise care when dealing in its shares.
The figures disclosed are based on unaudited management accounts and preliminary board assessments, meaning the final results may differ once the independent auditor and audit committee complete their reviews. The profit warning underscores the impact of weaker property sales and valuation pressures on the group’s earnings, potentially affecting investor sentiment and highlighting ongoing challenges in its core real estate markets.
More about Sino Harbour Holdings Group Limited
Sino Harbour Holdings Group Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. The group is engaged in property-related businesses, including the sale of residential units and car park spaces, and holds investment properties that contribute to its financial performance in the real estate sector.
Average Trading Volume: 1,371,348
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$147.8M
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