Seazen Warns of Lower H1 Profit on Property Market Downturn

MT Newswires Live

2025/08/20

Seazen Group (HKG:1030) expects profit attributable to equity holders of between 500 million yuan and 700 million yuan for the first half of 2025, down from 959 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.

Shares of the property firm were down nearly 3% in late-Wednesday morning trade.

The company cited weaker revenue from property development amid the sector downturn as the main driver of the decline.

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