Grand Ming Group forecasts significant net loss for first half

Grand Ming Group Holdings Limited announced a preliminary assessment expecting a net loss between HK$25.0 million and HK$30.0 million for the six months ended September 30, 2025. This contrasts sharply with the net profit of approximately HK$52.6 million recorded for the same period in 2024.

The expected loss is primarily attributed to a substantial decrease in revenue and gross profit, amounting to approximately HK$430 million and HK$218 million respectively. This decline resulted from a significant reduction in delivered residential properties and the expiry of a data center lease. Additionally, selling expenses decreased by approximately HK$160 million due to reduced property sales.

Further impacting profitability was a significantly lower fair value gain from the revaluation of investment properties under development, estimated at approximately HK$0.4 million for the period, a sharp drop from HK$25.6 million in the prior year. The company advises shareholders and potential investors to exercise caution.