Zhong Ao Home (01538) announces a profit surge, with shareholders expected to have a profit of approximately 97 million to 100 million yuan in the 2025 fiscal year, representing a year-on-year increase of over 9%.

Zhongao Home (01538) announces that the group expects to achieve a net profit attributable to owners of the parent company of approximately RMB 97 million to RMB 100 million for the 2025 fiscal year, representing an increase of over 9% from the net profit attributable to owners of the parent company of approximately RMB 89 million for the year ended December 31, 2024. The increase in net profit attributable to owners of the parent company is mainly attributed to the growth in gross profit, which benefited from increased revenue and higher gross profit margin; the group continues to strengthen cost management, effectively controlling administrative expenses and sales and distribution expenses; and a decrease in the net amount of impairment losses recognized for financial assets. Some of these effects were offset by decreases in interest income, rental income, and government subsidies.