Crown International Corporation Limited (CROWNICORP) reported a HK$70.50 million net loss for the year ended 31 March 2026, reversing the HK$16.14 million profit recorded a year earlier.

Revenue fell 33.4% year on year to HK$74.12 million, mainly due to weaker market conditions in the PRC. Basic loss per share stood at 17.01 HK cents versus EPS of 1.27 HK cents in FY2024/25.

Total assets expanded 43.1% to HK$2.16 billion, driven by proceeds from a HK$620 million rights issue (953.88 million shares at HK$0.65 each) completed in February 2026. Net assets rebounded to HK$960.41 million from HK$374.70 million a year ago.

During the year the Group agreed to dispose of its delayed Weihai “Golden Beach No. 1” property project; shareholders approved the sale on 2 June 2026. The transaction is expected to cut liabilities by RMB979 million and generate RMB180 million in cash, strengthening the balance sheet.

CROWNICORP launched a new residential development in Shenzhen Qianhai, covering 8,720 sq.m. with planned GFA of about 71,200 sq.m. Total development cost is budgeted at over RMB1.60 billion, to be financed by rights-issue funds, contractor facilities and proceeds from the Weihai disposal.

The Group’s premium white-spirit trading arm, started in 2023, remained “stable”, contributing the bulk of revenue. Comprehensive healthcare planning services continued to expand, while the financial consultancy segment stayed dormant due to weak macro conditions.

No final dividend was recommended.

Looking ahead, the Board signalled a rebranding: shareholders approved changing the company’s English name to “Sinopros Corporation Limited” and its Chinese name to 「中國豐滙集團有限公司」 on 2 June 2026, aligning with the Group’s future strategic direction.