TIMES CHINA (01233) Issues Profit Warning, Expects Net Loss Attributable to Shareholders of RMB 3.3-3.6 Billion in First Half

Stock News
08/26

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.

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