USAS BUILDING (02671) issued a profit warning, expecting a mid-term consolidated net profit of approximately 9.9 million yuan, a decrease of about 84.2% compared to the same period last year.

USAS BUILDING (02671) announced that the group expects to achieve a comprehensive net profit of approximately RMB 9.9 million for the six months ending June 30, 2026, a decrease of approximately RMB 52.7 million or about 84.2% compared to the comprehensive net profit of approximately RMB 62.6 million for the six months ending June 30, 2025. The Board believes that the decline in the group's financial performance is primarily due to a reduction in revenue from prefabricated steel structure building subcontracting services, which has been largely affected by fluctuations in major client order cycles; and the delay in the commencement of new contracts and deferred revenue recognition. The contracts for new orders signed by the group in 2026 were finalized relatively late, with project commencement and delivery progress primarily concentrated in the second half of the year, leading to a total gross profit reduction of approximately RMB 83.7 million for the six months ending June 30, 2026.