Tianjin City Development Corporation: Expected net loss of 1.36 to 1.54 billion yuan in 2025.

Tianjin Investment City announced that, according to preliminary calculations, it is expected to achieve a net profit attributable to shareholders of the listed company of -1.36 billion to -1.54 billion yuan in 2025, and a non-net profit of -1.34 billion to -1.52 billion yuan. The net profit for the same period last year was -0.21 billion yuan. The main reason for the expected loss is the downturn in the industry, a decrease in market demand, a reduction in the company's sales revenue, high financial expenses, and provisions for inventory impairment on some projects. The company's financial closing and audit for the year 2025 have not been completed, and the performance data may be adjusted.