Times China Holdings Limited has issued a profit warning, projecting a consolidated net loss attributable to shareholders for FY2025 of no more than RMB0.30 billion. This compares with a RMB16.61 billion loss recorded in FY2024, representing a sharp reduction primarily driven by gains from the group’s offshore debt restructuring.

Excluding these restructuring-related gains, management indicated that the FY2025 net loss could widen by up to RMB5.00 billion versus the prior year. Key pressures cited include:

1. Prolonged weakness in China’s real-estate market, leading to reduced project revenue and margin compression. 2. Higher impairment provisions on property projects and other assets.

The disclosed figures are based on management’s preliminary review and have not yet been audited or reviewed by the board’s audit committee. Times China plans to release its full annual results for the year ended 31 December 2025 in late March 2026.

The board advises shareholders and potential investors to exercise caution when dealing in the company’s securities.