SUNAC SERVICES (01516) expects that the mid-term profit attributable to shareholders will not be less than 1 billion yuan.

SUNAC SERVICES (01516) announces that the group is expected to achieve an unaudited attributable profit of not less than RMB 100 million for the six months ended June 30, 2025 (RMB 472 million loss for the same period in 2024). The increase in attributable profit compared to the same period last year is mainly due to a significant decrease in the provision for impairment of receivables from related parties during the current period. On the other hand, the group expects a decrease in gross profit and gross profit margin compared to the same period last year, mainly due to the deferral of recognition of revenue from certain third-party customers with high payment risks despite completing obligations, and an increase in maintenance costs due to warranty expiration of projects delivered in recent years.