RSUN SER (01971) issues a profit warning, expecting the net profit attributable to shareholders for the interim period to be no more than 8 million yuan.

RSUN SER (01971) announced that the Group expects to record a net profit of no more than RMB 5 million for the six months ending June 30, 2026 (compared to a net profit of approximately RMB 28 million for the same period in 2025). The net profit attributable to shareholders of the Company is expected to be no more than RMB 8 million (compared to approximately RMB 24 million for the same period in 2025). The expected decline in the Group's profit during this period is primarily due to the ongoing impact of the real estate industry's market environment. The Group's associated real estate developer clients, facing liquidity challenges, have led to an increase in the impairment provisions for receivables from related parties, with the bad debt ratio rising from 52.6% as of December 31, 2025, to 56.1% for this period. Meanwhile, the Group has exited certain property management projects, which has further elevated the overall bad debt ratio for receivables from 17.6% as of December 31, 2025, to 21.6% for this period. These factors together have led to a significant increase in the impairment provision for receivables this period, negatively impacting the Group's profit.