Sinotrans Limited (00185.HK) issued a profit warning, expecting the net loss for the mid-term to decrease year-on-year to approximately 460 million to 620 million.

date
22/08/2025
Capital Securities News App News, Zhengshang Industrial (00185.HK) announced that the group is expected to incur a net loss of approximately RMB 4.6 billion to RMB 6.2 billion for the six months ending June 30, 2025, while a net loss of approximately RMB 16.0 billion is expected for the six months ending June 30, 2024. Based on the information currently available to the Board of Directors, the Board believes that the decrease in net loss for the reporting period is mainly due to the following factors: (i) the faster pace of project completion and delivery during the reporting period, resulting in a significant increase in the sale/leaseable area delivered and confirmed as revenue compared; (ii) a decrease in impairment provisions for the group's property projects.