CHINA TING (03398) has issued a profit warning, projecting a net loss of no more than HK$128 million for the six months ending June 30, 2026. This compares to a net loss of HK$64.4 million recorded in the corresponding period of 2025, marking an increase of up to HK$63.6 million, or 98.8%, year-on-year.

The company attributed the widened loss primarily to two key factors. First, government subsidies declined by HK$60 million during the first half of 2026. Second, the group's retail operations in mainland China experienced a downturn in revenue, driven by weak consumer demand and subdued spending power, resulting in negative growth for the period.

The announcement underscores the challenging operating environment facing the company's domestic retail segment, with the reduction in government support further compounding the financial impact during the review period.