Mingshi Express (08483) Fa Ying Guang expects losses attributable to company owners to rise sharply to about HK$3.2 million to HK$3.5 million in the first half of the year

According to the Zhitong Finance App, Mingshi Express (08483) announced that the group expects to obtain losses attributable to company owners of about HK$3.2 million to HK$3.5 million in the first half of 2026, while losses attributable to company owners are about HK$1.1 million in the same period in 2025.

According to the announcement, the expected increase in losses is mainly due to a sharp decrease in earnings of not less than HK$8.8 million during the period, compared to about HK$26.1 million for the same period in 2025. The decrease is mainly due to: (a) the expiration of a major service contract in the photography services business, which successfully switched from providing services to selling products in April 2025, resulting in a reduction of approximately HK$7.0 million in revenue for the period compared to the same period in 2025; and (b) the number of clinic visits during the period decreased by about 12% compared to the same period in 2025, which is directly related to the decline in revenue from the medical service business; and partly offset by a reduction of no less than HK$1.9 million in administrative expenses during the same period in 2025. The decrease is mainly due to: (a) lower employee costs, including the impact of the deregistration of a subsidiary operating in the People's Republic of China, and a reduction in the number of executives after a major service contract switched from providing services to selling products; and (b) reduced directors' remuneration due to the resignation of an executive director (effective from March 23, 2026).