TIMES CHINA (01233) announced that the group anticipates recording a net loss attributable to shareholders of approximately RMB 3.3 billion to RMB 3.6 billion for the first half of 2025, compared to a net loss attributable to shareholders of approximately RMB 3.02 billion in the first half of 2024.

According to the announcement, the loss is primarily attributed to: (1) sluggish conditions in the real estate market, resulting in decreased project revenue and gross profit margins for the current period; (2) a decline in the interest capitalization rate, leading to increased financial costs for the current period; and (3) higher asset impairment provisions on property projects.