According to the Zhitong Finance App, Puhui Zhongjin International (00997) announced that the Group expects a comprehensive loss of not less than HK$105 million during the six-month period ending September 30, 2023. This loss is less than the comprehensive loss of about HK$171 million during the six-month period ending September 30, 2022.

The Group expects overall revenue and gross profit to decline during this period, mainly due to the severe impact of the COVID-19 pandemic, the decline in gross profit of financing guarantee services and other financial services business segments during this period, and significant losses due to the downturn in the real estate markets in Xi'an and Hanzhong in Shaanxi Province, China, and changes in the fair value of investment properties. This impact was fully offset by (i) a reduction in administrative and financial costs and (ii) a one-time loss of HK$95.4 million from the sale of subsidiaries engaged in property investment business during the previous year.