SHIFANG HLDG (01831) issues profit warning, expecting a comprehensive loss of approximately 5 to 6 million yuan for the mid-term of the company.

SHIFANG HLDG (01831) announced that the group expects to incur a comprehensive loss attributable to owners of the company of approximately RMB 5-6 million for the six months ending December 31, 2024, compared to a net loss of approximately RMB 43.2 million for the six months ending June 30, 2023. The board of directors believes that the reduction in the above loss is mainly due to the improvement in market conditions in the second half of 2024, which has driven a certain degree of increase in the group's performance.