Chinese Financial Development (03623.HK) issues profit warning, expecting a decrease of about 80%-85% in mid-term net income compared to the same period last year.

Guotong Financial Development (03623.HK) announced that the group expects a significant decrease in net income for the six months ending on June 30, 2025 compared to the same period last year (i.e. the six months ending on June 30, 2024) with a decrease of approximately 80% to 85%. The loss during the reporting period is expected to decrease by approximately 65% to 75% compared to the same period last year.