According to the Zhitong Finance App, Huihan Holdings (00214) announced that the group expects to earn no less than HK$400 million in profit attributable to shareholders for the year ending March 31, 2023, with a loss of HK$906 million compared to previous years.

According to the announcement, the main reasons for the changes were that financial investments in the current year had realized and unrealized net income and losses in previous years; anticipated credit losses from financial asset investments were reduced; the profit accrued from real estate development joint ventures increased; the increase in revaluation income from investment properties; and a decrease in some profits due to a decline in interest income from financial investments.