Hengchang Group International (01421) announced annual results. The loss attributable to shareholders of HK$18.774 million decreased by 13.73% year-on-year

According to the Zhitong Finance App, Hang Cheong Group International (01421) announced the results for the year ended June 30, 2026. The group achieved revenue of HK$154 million, up 7.9% year on year; loss due to company owners was HK$18.774 million, a decrease of 13.73% year on year; loss per share was 10.4 HK cents.

The Group's operating results showed an increase in losses, from approximately HK$18.1 million for the financial year ended June 30, 2025 to approximately HK$18.5 million for the financial year ended June 30, 2026. The increase in losses was mainly due to the combined effects of an increase in gross profit from approximately HK$9.8 million to approximately HK$11.3 million, an increase in expected credit losses on financial assets measured at amortization costs from approximately HK$5.1 million to approximately HK$7.7 million, and a reduction in administrative expenses from approximately HK$21.7 million to HK$17.9 million.