Horizon Construction Development Ltd. has issued a profit warning, indicating a significant decline in both revenue and profit for the first half of 2025. The company expects to report a decrease in total revenue of approximately 10% compared to the same period in 2024, when it recorded RMB4,872,421,000. Additionally, the profit attributable to shareholders is anticipated to fall by 80% to 90%. This assessment is based on the unaudited consolidated management accounts and available information, and it has not been reviewed by auditors. The company's consolidated interim results for the first half of 2025 are still being finalized and are subject to potential adjustments. The announcement urges shareholders and potential investors to exercise caution when dealing with the company's shares. The interim results are expected to be published on 31 July 2025, following board approval.
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