Huaying Construction (01582)'s net profit is expected to drop by no less than 90% year-on-year in the medium term

According to Zhitong Finance App, Huaying Construction (01582) announced that the Group's net profit for the six months ending June 30, 2026 will drop by no less than 90%, while the Group's net profit for the six months ended June 30, 2025 is approximately HK$25.9 million.

According to the data currently available to the Company, it is expected that the decline in net profit during the above period is mainly due to liquidity problems of some of the Group's customers, and the Group will carry out credit impairment on trade payments, contract assets, and receivables receivable from such customers.