JUJIANG CONS (01459) issues a profit warning, expecting a mid-term net loss of approximately 12 million to 16 million yuan, a reversal from profit to loss compared to the same period last year.

JUJIANG CONS (01459) announced that it expects to record a net loss ranging from approximately RMB 12 million to RMB 16 million for the six months ending June 30, 2026, compared to a net profit of approximately RMB 4.3 million for the same period last year. This change is primarily due to (i) an increase in impairment losses on financial and contract assets of approximately RMB 28.3 million to RMB 21 million, compared to approximately RMB 12 million for the same period last year, as the real estate market remains sluggish and the recovery speed of long-term receivables is slower than expected; and (ii) an increase in income tax expense. These factors are partially offset by an increase in other income and gains of approximately RMB 19.3 million to RMB 14.2 million, compared to approximately RMB 11.2 million for the same period last year, mainly derived from the gains of approximately RMB 23.3 million from the sale of an 80% stake in a non-wholly-owned subsidiary.