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

Stock News
Aug 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10