Lixin Development and Lixin International Expect Mid-Term Losses to Widen

SighingCashier · 2026-03-20T12:31:27+00:00

Lai Xin Development and Lai Xin International expect significant expansion of mid-term losses as of the end of January, with the former anticipating losses between RMB 1.1 billion to RMB 1.2 billion, and the latter between RMB 600 million to RMB 700 million, primarily due to losses from real estate sales and fair value losses of investment properties.

SighingCashier

2026-03-20 12:31:27

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Lihua Development (00488) expects that as of the end of January this year, the interim consolidated loss attributable to shareholders will be between approximately HKD 1.1 billion and HKD 1.2 billion, compared to a consolidated loss attributable to shareholders of about HKD 118 million in the same period last year.

Lihua International (00191) expects that as of the end of January this year, the interim consolidated loss attributable to shareholders will be between approximately HKD 600 million and HKD 700 million, compared to a consolidated loss attributable to shareholders of about HKD 123 million in the same period last year.

Both companies stated that the expected increase in losses is mainly due to losses incurred by Lihong Group from the sale of a residential building in Phase 2 of Hengqin Innovation Square and the impairment of properties in Phase 2 of Hengqin Innovation Square; the fair value loss of the group’s investment properties; and fair value losses and impairment losses of joint venture properties.

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