Wenye Group (01802.HK) expects its first half-year earnings to decrease year-on-year to no less than about 4 million yuan.

Zhtng Cijng APP News, Wenye Group (01802.HK) announced that the group's expected earnings will decrease from approximately RMB 13.5 million for the six months ended June 30, 2024, to not less than approximately RMB 4 million for the first half of 2025. Compared to the approximate loss of RMB 21.7 million in the first half of 2024, the first half of 2025 will turn from a loss to a profit. The company's expected net profit for the first half of 2025 is not less than approximately RMB 800 million, and the company's net liabilities are also expected to decrease significantly from approximately RMB 930 million as of December 31, 2024, to not more than approximately RMB 70 million for the first half of 2025.