Hao Tian International Construction Investment Group (1341) H2 2026 earnings summary

Executive summary

• Navigated a challenging macroeconomic environment with geopolitical tensions and inflation impacting supply chains and capital costs.

• Construction machinery rental faced a cyclical downturn due to a lull in new infrastructure projects in Hong Kong, leading to lower fleet utilization and revenue.

• Financial services segment provided stability, benefiting from Hong Kong’s robust financial market and strategic investment in Planetree (BVI) Capital Limited (PCL).

• Strategic capital raising and alliances positioned the group for future growth, especially in financial services and upcoming infrastructure projects.

Financial highlights

• Total revenue for the year ended 31 March 2026 was HK$91 million, down from HK$145 million in 2025.

• Net loss attributable to owners was HK$1 million, a significant improvement from a loss of HK$190 million in 2025.

• Gross profit was HK$12 million, compared to HK$40 million in the prior year.

• Administrative expenses increased to HK$66 million (2025: HK$52 million), mainly due to directors’ bonuses and higher staff costs.

• Other gains, net, were HK$32 million, mainly from fair value gains on financial assets and liabilities.

• Reversal of impairment losses on financial assets amounted to HK$37 million, reflecting improved recoverability.

• No dividend was declared for the year.

Outlook and guidance

• Anticipates continued short-term pressure on machinery rental due to lack of new mega-infrastructure projects, but expects recovery as the Northern Metropolis project commences in late 2026.

• Financial services segment is expected to benefit from capital inflows and technological advancements, including AI and virtual asset services.

• Strategic focus on dual-engine business model and capitalizing on digital infrastructure opportunities.