Hunlicar Group expects significant loss, shares to be watched

Hunlicar Group Limited (HKEX:3638) has issued a profit warning, anticipating a loss between HK$73,000,000 and HK$77,000,000 for the year ending March 31, 2025. This marks a significant turnaround from the approximately HK$11,000,000 profit recorded in the previous year. The expected loss is primarily attributed to a change in fair value of approximately HK$56,000,000 related to a transfer from property, plant and equipment to investment properties, and an impairment loss of approximately HK$9,000,000 related to goodwill and intangible assets. The board advises shareholders and potential investors to exercise caution when dealing in the company's shares. The specific financial figures are subject to review by the company's auditors and will be disclosed in the annual results.