---
title: "WING LEE PPT issued a profit warning, expecting a net loss of approximately HKD 164 million to approximately HKD 166 million in the first half of the year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252230627.md"
description: "WING LEE PPT expects a net loss of approximately HKD 164 million to HKD 166 million in the first half of 2025, a significant increase compared to a loss of approximately HKD 61.3 million in the same period of 2024. The main reason is the decrease in the fair value of investment properties, which is expected to reduce net value by approximately HKD 169 million to HKD 171 million. Nevertheless, since this decrease is a non-cash item, it is expected not to have a significant impact on operations and cash flow. Other comprehensive expenses for the first half of 2025 are expected to be HKD 30 million to HKD 32 million, bringing the total overall expenses to approximately HKD 194 million to HKD 198 million"
datetime: "2025-08-08T12:07:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252230627.md)
  - [en](https://longbridge.com/en/news/252230627.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252230627.md)
---

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# WING LEE PPT issued a profit warning, expecting a net loss of approximately HKD 164 million to approximately HKD 166 million in the first half of the year

According to the Zhitong Finance APP, WING LEE PPT (00864) announced that the group expects to incur a net loss of approximately HKD 164 million to approximately HKD 166 million in the first half of 2025, compared to a net loss of approximately HKD 61.3 million in the same period of 2024. This is mainly due to the anticipated higher net decrease in the fair value of the group's investment properties in the first half of 2025, while the net decrease in the same period of 2024 was lower, reflecting the general market conditions of the commercial retail and residential investment property market in Hong Kong during the review period. The group expects a net decrease in the fair value of its investment properties in the first half of 2025 to be approximately HKD 169 million to HKD 171 million (compared to a net decrease of approximately HKD 67.9 million in the fair value of the group's investment properties in the same period of 2024).

Nevertheless, since the net decrease in the fair value of the group's investment properties is a non-cash item and the group's business focuses on long-term investments and property leasing, the board of directors expects that it will not have any significant adverse impact on the group's operations and cash flow. Excluding the impact of the aforementioned net decrease in the fair value of the group's investment properties, the group expects to achieve a net profit in the first half of 2025, which will be on par with the same period in 2024. However, the related profit will not be sufficient to offset the difference in the net change in the fair value of the group's investment properties between the first half of 2025 and the same period in 2024.

The group also expects to incur other comprehensive expenses of approximately HKD 30 million to approximately HKD 32 million in the first half of 2025, compared to other comprehensive expenses of approximately HKD 24.2 million in the same period of 2024. This is mainly due to the decrease in the fair value of the fund and fund properties in the first half of 2025.

The unrealized valuation changes will not be reclassified to profit or loss, are non-cash items, and do not affect the group's daily operations and cash flow. The total comprehensive expenses for the first half of 2025 are expected to be approximately HKD 194 million to approximately HKD 198 million, compared to total comprehensive expenses of approximately HKD 85.5 million in the same period of 2024

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