WEIYE HOLDINGS (01570) expects the mid-term loss attributable to shareholders to shrink by about 23 million yuan year-on-year.

WEIYE HOLDINGS (01570) announced that it is expected to incur a net loss attributable to owners of the company of approximately RMB 23 million for the six months ended June 30, 2025, compared to a net loss of approximately RMB 63 million for the six months ended June 30, 2024. The decrease in expected loss is mainly attributed to a confirmed impairment loss of RMB 51 million on development properties and prepaid expenses for the six months ended June 30, 2024; and cost control measures implemented within the group for the six months ended June 30, 2025, resulting in a reduction in administrative expenses.