Taihe Holdings (00718.HK) issued a profit warning, expecting the pre-tax loss for the first half of the year to decrease to approximately 2 billion to 2.4 billion Hong Kong dollars.

Zhijing Financial APP News, Taihe Holdings (00718.HK) issued an announcement, the Group is expected to incur a significant pre-tax loss of approximately 200 million to 240 million Hong Kong dollars in the first half of 2025, while the Group incurred an unaudited pre-tax loss of approximately 275 million Hong Kong dollars for the six months ended June 30, 2024. The main reasons for the expected pre-tax loss are: a decrease in the fair value of China investment properties; provisions for losses on financial guarantees signed with non-group company bank loans and domestic bank loans; and financial costs related to bank loans associated with the acquisition of Guangzhou shopping center.