Tianjin Construction Development Group Co., Ltd. (stock code 02515, “TJCD”) issued a profit warning, advising shareholders that it expects to post a loss attributable to equity holders of between RMB46.00 million and RMB51.00 million for the financial year ended 31 December 2025. This contrasts sharply with the RMB21.80 million profit recorded in FY2024.

The company attributes the projected loss to two main factors: 1. A slowdown in Tianjin’s construction sector and intensified market competition, which have reduced revenue; 2. Impairment losses on trade receivables, contract assets and other receivables, driven by slower collection cycles and delayed billing that have increased the proportion of aged assets.

Management emphasised that the figures are based on unaudited consolidated management accounts and may be adjusted. The audited annual results are scheduled for release by the end of March 2026.

TJCD urged investors to exercise caution when dealing in its shares pending publication of the final results.