Hong Kong's Zijing International H1 revenue falls 40%, hurt by car rental exit
Hong Kong's Zijing International H1 revenue falls 40%, hurt by car rental exit
Overview
Hong Kong diversified finance firm's H1 revenue fell 40% yr/yr to HK$24.41 mln
Company posted net loss of HK$0.58 mln, versus profit a year earlier
Outlook
Zijing International expects corporate finance advisory revenue to decline in second half 2026
Company expects asset management segment to generate revenue in second half 2026
Result Drivers
CORPORATE FINANCE COMPETITION - Co said revenue from corporate finance advisory services declined due to keen competition and fewer completed mandates
CAR RENTAL EXIT - Co disposed all petrol-powered vehicles and reported no revenue from car rental business in H1 due to high fuel costs and strategic shift
ONLINE GAME CONTRIBUTION - Online game business remained a major revenue contributor, though no new sub-licensable rights were granted
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$24.41 mln |
|
Reuters Recommended Reads
Aug 26 - Hong Kong's BOCOM International H1 loss narrows on higher corporate finance fees
Aug 25 - Hong Kong's Astrum Financial interim revenue rises on securities and IPO financing
Aug 26 - China's Zengame H1 revenue rises 13% on higher player monetisation
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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