China Wacan Narrows Annual Loss as Revenue Rises and Impairments Reverse

Hands Form Holdings Limited ( (HK:1920) ) just unveiled an announcement.

China Wacan Group Company Limited reported a marked improvement in operating performance for the year ended 31 December 2025, as revenue rose to HK$124.9 million from HK$110.0 million and gross profit swung to HK$10.0 million from a gross loss a year earlier. The turnaround at the gross level was driven by lower service costs and a significant net reversal of expected credit loss provisions, although higher administrative expenses and finance costs kept the group in loss-making territory.

The company narrowed its net loss to HK$14.5 million from HK$43.3 million in 2024, with the loss attributable to owners shrinking to HK$10.1 million and basic loss per share improving to 2.93 Hong Kong cents from 13.89 cents. Despite the continuing bottom-line loss and a small foreign exchange translation deficit, the results indicate better cost control and credit risk management, suggesting a stabilising operational profile and a reduced financial burden for shareholders compared with the prior year.

The most recent analyst rating on (HK:1920) stock is a Sell with a HK$0.41 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

More about Hands Form Holdings Limited

China Wacan Group Company Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1920, operates as a services provider, generating revenue primarily from service-related operations. The group focuses on the Hong Kong and broader regional market, with its performance closely tied to cost management, credit risk control and administrative efficiency within its service businesses.

Average Trading Volume: 5,768,064

Technical Sentiment Signal: Buy

Current Market Cap: HK$370.7M

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