According to the Zhitong Finance App, Liu Chuangxing Enterprise (00194) announced that the Group expects to obtain losses attributable to shareholders of the Company between HK$260 million and HK$280 million in the six months ending June 30, 2026, while the same period last year was about $16.6 million in profit attributable to the Company's shareholders. The change from profit to loss was mainly due to loss in fair value of investment properties during this period; and China's land value-added tax determined by the Chinese tax authorities on residential projects in Foshan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.