SHENGHUA LANDE (08106) announced that the group expects to record a loss of approximately RMB 47,000 for the six months ended June 30, 2025, compared to a loss of approximately RMB 7.92 million in the same period of 2024.

During the period, the group's smart city solutions business segment saw a significant reduction in losses, primarily attributable to: (i) the group's proactive expansion of customer markets and improvement in project delivery efficiency, resulting in revenue growth for this business segment; (ii) substantial reduction in various operating costs and expenses, mainly due to effective compression of labor cost investments; and (iii) reversal of impairment losses on trade receivables and bills receivable, whereas impairment losses on trade receivables and bills receivable were recorded in the same period last year.

Consequently, the group's performance for the period is expected to improve significantly compared to the same period last year.