Wing Lee Property Investments Limited (the “Company”), Stock Code: 864, released a profit warning indicating an expected increase in net loss for the year ended 31 December 2025. According to preliminary assessments of the Company’s unaudited management accounts and draft valuation reports, the net loss is projected to range from approximately HK$266.00 million to HK$268.00 million, compared with a net loss of around HK$234.30 million in 2024.

The principal factors contributing to this anticipated increase include a higher net decrease in the fair values of investment properties (estimated at HK$272.00 million to HK$274.00 million, versus HK$247.30 million in 2024), reflecting challenging commercial retail and residential property market conditions in Hong Kong. In addition, rental concessions aimed at retaining tenants resulted in a drop in rental income from HK$26.80 million in 2024 to HK$21.20 million in 2025.

The Company further expects other comprehensive expense of around HK$32.00 million to HK$34.00 million for 2025, down from HK$40.10 million in 2024. This decrease predominantly relates to a lower valuation of the Fund and the related property in Kwun Tong. These valuation changes are non-cash items that do not affect daily operations. As a result, total comprehensive expense is projected at HK$299.00 million to HK$301.00 million for 2025, compared with HK$274.30 million for 2024.

The Board advises caution when dealing in the Company’s shares. The information provided is based on preliminary data that has yet to be audited or reviewed, and therefore may be subject to adjustment. Shareholders and investors are reminded to exercise care in trading decisions.