• Sanbase published its annual report for the year ended March 31, 2026, showing weaker trading in Hong Kong’s office fit-out market.
• Activity fell as Grade A office vacancies stayed elevated, prompting aggressive pricing to secure work and squeezing project profitability.
• Revenue declined 17.7% year on year, driven by fewer bare shell fit-out projects, the group’s core business line.
• Management shifted focus to tighter subcontractor sourcing and cost control, aiming to protect execution quality while lowering delivery costs.
• Strategy pivots toward a broader client mix beyond Grade A offices, targeting retail, education, residential, and NGO projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sanbase Corporation Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260716-12245927), on July 15, 2026, and is solely responsible for the information contained therein.