HEVOL SERVICES (06093) announced that the Group expects its net profit after tax for the six months ended June 30, 2025 to be approximately RMB 11.6 million to RMB 15.6 million, compared to the Group's net profit after tax of approximately RMB 54.1 million for the six months ended June 30, 2024.

The decrease is primarily attributed to: a decline in gross profit margin due to investments in the early stages of new property management projects to enhance market share and lower gross profit margins from public building projects; increased provisions for credit impairment on trade receivables; and a one-time loss from the disposal of a 51% equity interest in Jiangsu Shenhua Times Property Group Co., Ltd. (a limited company incorporated under the laws of China).