---
title: "CNQC INT'L issues a profit warning, expecting annual profit attributable to shareholders to be no less than HKD 40 million, turning from loss to profit year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230956544.md"
description: "CNQC INT'L expects that the annual profit attributable to shareholders for the year ending December 31, 2024, will not be less than HKD 40 million, achieving a turnaround from a loss of approximately HKD 490 million in the same period of 2023. This change is mainly attributed to increased revenue from construction projects in Singapore and optimized construction costs, leading to an overall improvement in gross profit margin. At the same time, the group is optimizing its debt structure, strictly controlling costs, and reducing financing costs and administrative expenses"
datetime: "2025-03-07T08:50:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230956544.md)
  - [en](https://longbridge.com/en/news/230956544.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230956544.md)
---

# CNQC INT'L issues a profit warning, expecting annual profit attributable to shareholders to be no less than HKD 40 million, turning from loss to profit year-on-year

According to the announcement from CNQC INT'L (01240), the group expects to achieve a profit attributable to shareholders of no less than HKD 40 million for the year ending December 31, 2024, while it recorded a loss attributable to shareholders of approximately HKD 490 million for the year ending December 31, 2023.

The turnaround from loss to profit is mainly due to increased revenue from construction projects in Singapore and optimized construction costs, resulting in an overall gross profit margin for the group during the reporting period being higher than the same period last year; the group's debt structure has been meticulously optimized, and strict cost control has led to a decrease in financing costs and administrative expenses

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