According to Zhitong Finance App News, Huaxia Culture Technology (01566) issued an announcement. According to a preliminary assessment of the Group's management accounts for the six months ended September 30, 2026 (this period) and the information currently available to the Company, the Group expects to make a profit of not less than HK$900 million for the period, while losing approximately HK$65.9 million for the six months ended September 30, 2025.

It is expected to turn a loss into profit during this period mainly due to the completion of a subscription for new shares and the Company's debt restructuring (including the entry into force of the creditor plan and related special transactions), as disclosed in the Company's announcement dated August 14, 2026. After the creditors' plan came into effect on August 14, 2026, most of the Group's liabilities have been cancelled and settled at a value less than its book value, including the repayment of financial costs that would have occurred had the debt restructuring not occurred.

Thereafter, compared with the same period of the previous fiscal year, the Group's financial performance is expected to improve in the next reporting period due to (i) significant reduction in financing costs; and (ii) professional expenses relating to implementing debt restructuring and resuming share transactions arising and completed during the period will no longer be incurred.

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