JUJIANG CONS (01459) issued a profit warning, expecting a decrease in mid-term net profit of approximately 60.0% to 80.0% year-on-year.

JUJIANG CONS (01459) announced that it is expected to achieve a net profit of approximately RMB 16.8 million in the six-month period ending June 30, 2025, which is a decrease of approximately 60.0% to 80.0% compared to the same period last year. This decrease is mainly due to a decrease in revenue and gross profit during this period, which were approximately RMB 3.834 billion and RMB 156 million respectively, representing a decrease of approximately 30.0% to 40.0% for both. This is primarily attributed to the overall sluggish real estate market, resulting in a decrease in the net value of newly undertaken projects during the period. However, this decrease was offset by factors such as a decrease in impairment losses on financial and contract assets during the period compared to the same period last year, reduction in management expenses, and a turnaround of losses to profits in relation to financial assets such as accounts receivable measured at fair value with changes recognized in current period profit and loss compared to the same period last year.