China Aerospace (00031.HK) announced that it is expected to record a net loss of approximately HK$40 million to HK$70 million for the six months ending June 30, 2024, compared to a net profit of HK$55.065 million in the same period of 2023. The current period has switched from profit to loss. The expected revenue for this period is approximately HK$1.8 billion, an increase of about 5% compared to the revenue of HK$1.734 billion in the same period of 2023. The main reason for the switch from profit to loss in this period is a significant loss recorded due to the change in fair value of investment properties in this period.