CENTRAL CHINA (00832) Issues Profit Warning, Expects Interim Shareholder Loss of Approximately RMB 1.1-1.5 Billion

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Aug 15

CENTRAL CHINA (00832) announced that the group expects to record a loss attributable to equity shareholders of approximately RMB 1.1 billion to RMB 1.5 billion for the six months ended June 30, 2025, compared to a loss attributable to equity shareholders of approximately RMB 2.6 billion for the six months ended June 30, 2024.

The loss attributable to equity shareholders is primarily due to the comprehensive impact of macroeconomic conditions and the continued downturn in the real estate market. Based on the principle of prudence, the company has made provisions for impairment of inventory and receivables. Additionally, the decline in real estate revenue recognition and gross profit margins has been insufficient to cover the company's costs and expenses.

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