Liu Chong Hing Enterprise (00194) issued a profit warning. Shareholders' losses are expected to change from HK$260 million to HK$280 million year-on-year from profit to loss in the first half of the year

According to the Zhitong Finance App, Liu Chuangxing Enterprise (00194) announced that the Group expects to obtain losses attributable to shareholders of the Company between HK$260 million and HK$280 million in the six months ending June 30, 2026, while the same period last year was about $16.6 million in profit attributable to the Company's shareholders. The change from profit to loss was mainly due to loss in fair value of investment properties during this period; and China's land value-added tax determined by the Chinese tax authorities on residential projects in Foshan.