First Shanghai flags 2025 loss on asset write-downs and absence of one-off gain

First Shanghai Investments Limited ( (HK:0227) ) has provided an update.

First Shanghai Investments Limited has issued a profit warning, advising shareholders and potential investors that it expects to post a net loss attributable to shareholders of at least HK$90 million for the year ended 31 December 2025, compared with a net profit of about HK$78 million a year earlier. The reversal is mainly driven by the absence of a one-off HK$65 million gain from disposal of subsidiaries booked in 2024, impairment and fair value adjustments on non-current assets in its property investment and hotel segment, and unrealized fair value losses on financial assets.

The company emphasized that these figures are based on preliminary unaudited management accounts and that its full-year 2025 results are still being finalized, with the final announcement expected before the end of March 2026. The warning signals increased earnings volatility tied to one-off disposals and asset revaluations, underlining pressure on its property and hotel portfolio and investment holdings, and the board has urged shareholders and potential investors to exercise caution when dealing in the company’s shares.

The most recent analyst rating on (HK:0227) stock is a Hold with a HK$0.28 price target. To see the full list of analyst forecasts on First Shanghai Investments Limited stock, see the HK:0227 Stock Forecast page.

More about First Shanghai Investments Limited

First Shanghai Investments Limited is a Hong Kong-incorporated investment holding company listed on the Hong Kong Stock Exchange. The group operates across segments including property investment and hotel operations, as well as financial assets investment, giving it exposure to real estate-related income streams and market-driven portfolio returns in the region.

Average Trading Volume: 890,191

Technical Sentiment Signal: Sell

Current Market Cap: HK$517M

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