ZG GROUP-W (06676) announced that the group expects to record a net loss attributable to owners of the company of approximately RMB 480 million to RMB 520 million for the six months ended June 30, 2025, instead of the previously disclosed net profit attributable to owners of the company of approximately RMB 140 million to RMB 180 million. For comparison, the company recorded a net loss attributable to owners of approximately RMB 76 million for the six months ended June 30, 2024.

The revision is primarily attributable to further review of the calculation of fair value changes of convertible preferred shares. According to the latest assessment, the non-cash gain arising from fair value changes of preferred shares and financial liabilities measured at fair value through profit or loss for the six months ended June 30, 2025, is estimated at approximately RMB 110 million, compared to the previously mentioned RMB 769 million.