According to Zhitong Financial App, Fengzhan Holdings (01826) announced that the Group expects a net loss of about HK$11 million to HK$14 million in the six months ending June 30, 2023, while a net loss of about HK$1.7 million for the six months ended June 30, 2022 (excluding a one-time gain of HK$10.9 million from the termination of consolidated accounts by a subsidiary company).

In the six months ended June 30, 2023, there was a decrease in the number of ongoing projects, and some ongoing projects incur additional costs due to unexpected delays in progress during this period. As a result, compared to net profit for the six months ended June 30, 2022, the Group achieved a decrease in revenue and net loss in the six months ended June 30, 2023.