Star Group (01560.HK): Expected net loss for 2025 to narrow to HKD 299.3 million

NightAirdropper · 2026-03-24T12:16:25+00:00

Star Star Group expects that the loss for the year ending December 31, 2025, will narrow compared to the previous year, with an estimated loss of HK$299.3 million. This is mainly due to improved performance in property sales and lower financing costs, but the group still faces pressure from impairment losses on properties held for sale and fair value losses on investment properties.

NightAirdropper

2026-03-24 12:16:25

Abstract generation in progress

Gelonghui March 24 — Xingxing Group (01560.HK) announced that, based on the group’s unaudited consolidated management accounts for the year ending December 31, 2025, and other information currently available to the company’s board of directors, the board hereby informs shareholders and potential investors that, compared to the approximately HKD 605 million loss attributable to owners of the parent recorded for the year ended December 31, 2023 (“last year”), the group is expected to record a loss attributable to owners of the parent of approximately HKD 299.3 million during this period.

The expected narrowing of losses is mainly due to: (i) the sale of properties this year turning from a loss to a profit (excluding impairment of properties held for sale); and (ii) reduced financing costs this year (after deducting the capitalized amount of qualified asset costs). However, the loss recorded this year is primarily due to: (i) impairment of properties held for sale; and (ii) fair value changes in investment properties resulting in losses.

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