Huasheng International expects FY net loss to widen at least 45% from HK$92.4 million

Huasheng International expects its fiscal year net loss to widen by at least 45% to approximately HK$134 million, compared to HK$92.4 million in the prior year. Revenue declined 24% due to a downturn in Hainan residential projects, slower commercial developments, and price competition in ready-mixed concrete. Gross profit fell as high raw material costs squeezed margins, and the company recorded a HK$32 million non-cash goodwill impairment on its concrete business.

Huasheng International flagged a wider loss for FY ended March 31, 2026, with unaudited net loss seen up at least 45%. * Compares with HK$ 92.4 million net loss in the prior year, implying at least about HK$ 134 million. * Revenue slid about HK$ 91 million, down 24%, hit by a Hainan residential downturn, slower commercial projects, price competition in ready-mixed concrete. * Gross profit fell about HK$ 54 million as high raw material costs squeezed margins. * Booked a non-cash goodwill impairment of about HK$ 32 million on the concrete business. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huasheng International Holding Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260622-12210830), on June 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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