---
title: "From Profit to Loss: Wang Mingxing Controls HPL, with a Net Loss of 57.7 Million Yuan in the Second Half of Fiscal Year 2025 | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277282889.md"
description: "Hotel Properties Limited turned from profit to loss in the second half of fiscal year 2025, with a net loss of HKD 57.7 million, a significant decline from the net profit of HKD 32.1 million in the same period last year. The total net loss for the year was HKD 46.2 million, compared to a net profit of HKD 27.2 million the previous year. Despite the losses, the board still recommended a dividend of 4 cents per share. The losses were mainly due to fair value losses on long-term investments and rising financing costs. Revenue in the second half of fiscal year 2025 grew by 5.4%, with an annual growth of 7.2%"
datetime: "2026-02-28T07:47:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277282889.md)
  - [en](https://longbridge.com/en/news/277282889.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277282889.md)
---

# From Profit to Loss: Wang Mingxing Controls HPL, with a Net Loss of 57.7 Million Yuan in the Second Half of Fiscal Year 2025 | Lianhe Zaobao

Local real estate tycoon Wang Mingxing controls HPL (Hotel Properties Limited), which is expected to turn from profit to loss in the second half of the 2025 fiscal year, reporting a net loss of 57.7 million, compared to a net profit of 32.1 million in the same period of the previous fiscal year, showing a significant contrast.

The group's annual performance also shifted from profit to loss, with a net loss of 46.2 million, while the previous year recorded a net profit of 27.2 million.

Despite the annual net loss, the board still recommends a first and final dividend of 4 cents per share.

HPL released its half-year and full-year results for the period ending last year on Friday (February 27). The group stated that the main factors leading to the loss include: fair value losses on long-term investments measured at market value, which increased significantly from 1.5 million in the previous fiscal year to 16.3 million in the 2025 fiscal year; financing costs rose to 108.2 million due to increased borrowing.

#### Further Reading

Wang Mingxing controls HPL, expected to incur losses in the 2025 fiscal year HPL turns loss into profit in the first half of the year, achieving a net profit of 11.4 million

The group's revenue in the second half of the 2025 fiscal year rose by 5.4% to 364.2 million, while annual revenue increased by 7.2% to 742.7 million. The group stated that the revenue growth was mainly attributed to the opening of the Four Seasons Hotel in Osaka in August 2024.

Looking ahead, HPL mentioned that the number of international visitors increased last year, but geopolitical risks, trade tensions, and interest rate fluctuations may continue to adversely affect the overall business environment HPL closed at 5 yuan on Friday, up 1.6%

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