---
title: "Affected by the Chinese real estate business, Hualian is expected to incur losses in the fiscal year 2025 | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275959394.md"
description: "Hualian Enterprises (OUE Limited) expects to incur losses in the fiscal year ending in 2025, primarily due to its associate company Gemdale Properties and Investment Corporation (GPI) being affected by the slowdown in the Chinese real estate market. The loss for the first half of 2025 is expected to be HKD 46 million, with an annual loss estimated between HKD 220 million and HKD 240 million. At the same time, Hualian Enterprises will account for an impairment loss on its investment in GPI"
datetime: "2026-02-14T01:52:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275959394.md)
  - [en](https://longbridge.com/en/news/275959394.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275959394.md)
---

# Affected by the Chinese real estate business, Hualian is expected to incur losses in the fiscal year 2025 | Lianhe Zaobao

Hua Lian Enterprises (OUE Limited) issued a profit warning, expecting to incur losses for the fiscal year ending in 2025.

Hua Lian Enterprises disclosed on Friday evening (February 13) through the Singapore Exchange that these losses are primarily from its associate company Gemdale Properties and Investment Corporation (referred to as GPI). Hua Lian Enterprises holds a 29.07% stake in the company.

Affected by the slowdown in the Chinese real estate market and adverse economic conditions, this associate company with operations in China is expected to incur losses.

Including GPI, these investment companies are expected to incur a loss of 46 million yuan in the first half of 2025. For the full year, the loss is expected to be between 220 million and 240 million yuan.

#### Further Reading

Hua Lian Enterprises turns losses into profits, net profit reaches 35.6 million yuan Wang Mingxing controls hotel properties, expected to incur losses in the 2025 fiscal year

Meanwhile, Hua Lian Enterprises expects to recognize impairment losses on its investment in GPI.

The group pointed out that the negative goodwill of 94.9 million yuan arising from the acquisition of GPI shares will be reversed in the second half of 2025.

The group added that the losses from the associate company, the expected impairment of the investment in GPI, and the reversal of negative goodwill are mainly non-cash items, thus will not have a significant impact on operating cash flow and corporate financing needs.

Hua Lian Enterprises is expected to announce its full-year results for the fiscal year 2025 before February 27. The group's share price remained stable at 1.19 yuan on Friday

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